R04 State Pension: historic and current: free practice questions
5 free questions on State Pension: historic and current, part of learning outcome 7 (State schemes). Pick an answer to check it, or open the answer to see why each option is right or wrong.
Question 1 of 5
What is the full Basic State Pension for 2026/27?
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The answer is C: £184.90 a week
The full single person's BSP, for those reaching SPA before 6 April 2016, is £184.90 a week.
Why the other options are wrong
A
£110.75 is the full Category B pension.
B
£238.00 is the Guarantee Credit threshold for a single person.
D
£241.30 is the full new State Pension.
Question 2 of 5
How does Additional State Pension increase in payment?
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The answer is A: By CPI each April
GRB, SERPS, S2P and protected payments rise with CPI. The triple lock applies to the BSP and new State Pension.
Why the other options are wrong
B
It does increase.
C
The triple lock doesn't apply to it.
D
Earnings aren't used.
Question 3 of 5
At 5 April 2016 Gail had 33 qualifying years, no contracting out and £50 a week of Additional State Pension. Full BSP was £119.30 and the new State Pension £155.65. What was her protected payment?
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The answer is A: £13.65 a week
Old rules: £119.30 + £50 = £169.30, beating 33/35 x £155.65. The excess over £155.65 is a protected payment of £13.65.
Why the other options are wrong
B
£50 is her Additional State Pension, not the excess.
C
The old-rules value was higher.
D
£169.30 is her starting amount.
Question 4 of 5
Generally, how long after a gap can Class 3 NICs be paid to fill it?
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The answer is C: Within six years of the tax year of the gap
Class 3 must usually be paid within six years. It can be paid after SPA, but only for gaps before SPA.
Why the other options are wrong
A
The limit is six years.
B
There is a time limit.
D
Payment after SPA is possible for earlier gaps.
Question 5 of 5
How is a pre-2016 State Pension deferral lump sum taxed?
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The answer is A: At the person's existing marginal rate, without pushing them into a higher band
It's taxed at the rate of their other income and can't push them into a higher band; if they're a non-taxpayer, it's tax-free.
Why the other options are wrong
B
It isn't simply stacked on top of other income.
C
It isn't always tax-free.
D
There's no flat rate.
Practise all 27 State Pension: historic and current questions
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