Many adults have never checked state pension forecast, says HMRC

According to research undertaken on behalf of HM Revenue and Customs (HMRC), around one in eight (12.5%) UK adults have not checked their state pension forecast. Charlotte Kennedy, chartered financial planner at Rathbones, argues that checking State Pension can help users understand their options.

She said: “Many people view the State Pension in isolation, but retirement income is built from several moving parts. The State Pension provides an important foundation, but understanding how it works alongside your workplace pension, investments and savings is what turns retirement planning from guesswork into a plan.

“A quick check of your State Pension forecast can give you a clearer picture of your future income and flag opportunities to improve it. The earlier you understand your position, the more options you typically have.”