State pension calculator, 2026/27

Company directors who pay themselves a low salary sometimes fall below the level needed to build a qualifying year, which can quietly reduce their eventual state pension. Enter your qualifying years to see an estimate of your weekly and annual state pension.

The state pension calculator runs on the rates and thresholds HMRC has published for the 2026/27 tax year, so the figures you see reflect the position your company is actually filing on rather than a historic set of bands. Change any input and the result recalculates immediately, with no sign-up and nothing sent anywhere.

If you are a director of a UK limited company, use it as a first look before a decision rather than as the decision itself. Full new state pension is £241.30 per week from 6 April 2026, requiring 35 qualifying National Insurance years. Real company positions bring in other income, reliefs, group structures and prior year adjustments that a single page of inputs cannot see, which is why the workings are written out below under pensions. Read those, then check the numbers against your own accounts, and speak to us if anything looks materially different from what you expected.

Last reviewed 12 September 2026 for the 2026/27 tax year. Reviewed by Waqas Sagar, Member of ICAEW, Fellow of ACCA, Fellow of AAT.

State pension calculator

Your figures

Result, 2026/27

Estimated weekly state pension

£206.83

Estimated annual state pension

£10,755

Full new state pension (35 qualifying years)

£241.30 per week

Additional qualifying years needed for the full amount

5 years

Illustration only, figures are based on the rates you have selected and the information entered. Please check your own position with us before acting.

Estimates for the 2026/27 tax year using published GOV.UK rates. Switch between 2026/27 and 2025/26 above.

How this is calculated

The full new state pension is £241.30 a week from 6 April 2026, and is normally reached with 35 qualifying years of National Insurance contributions or credits. Fewer than 35 years generally gives a pro-rata amount, which is what this calculator estimates by dividing your qualifying years by 35 and multiplying by the full weekly rate.

Most people need at least 10 qualifying years to get any new state pension at all. Someone with a mixed National Insurance history, including periods contracted out of the additional state pension before 2016, may have a different 'starting amount' that does not follow this simple pro-rata rule exactly, which is why an official forecast is the definitive source.

This calculator is therefore an estimate for planning purposes, not a substitute for checking your actual forecast through the GOV.UK 'Check your State Pension forecast' service.

Why directors need to check this

A director paying themselves a salary below the lower earnings limit does not build a qualifying year through that employment, even though no employee National Insurance is due, because a qualifying year requires earnings at or above the lower earnings limit or sufficient NI credits.

Many director salary strategies deliberately set pay just above the lower earnings limit specifically to protect a qualifying year at minimal National Insurance cost, which is worth checking against your own payroll figures each year.

Filling gaps

Voluntary Class 3 National Insurance contributions can sometimes fill gaps in your record, and Class 2 contributions may be available and cheaper if you also have self-employed profits, both of which can increase your eventual state pension for a relatively modest outlay depending on how many years you buy.

Deferring your state pension past state pension age also increases the eventual weekly amount, which is a separate decision from the qualifying years calculation shown here.

What this means for your company

Treat the result as a planning figure for the 2026/27 tax year. If it changes what you were about to do, take a director's salary, a dividend, a large asset purchase or a filing decision, check it against your own accounts first. We can review the position with you and confirm the tax treatment before you commit.

Frequently asked questions

How many qualifying years do I need for the full state pension?

Typically 35 qualifying years under the new state pension rules, though your own starting amount may differ if you have periods contracted out of the additional state pension before April 2016.

Does drawing a low director's salary affect my state pension?

It can. If your salary is below the lower earnings limit for a tax year, you may not build a qualifying year from that employment, even though you pay no National Insurance, which is why many director salaries are set just above that limit.

Can I buy back missing years?

Yes, voluntary Class 3 contributions, or Class 2 if you also have self-employed income, can fill gaps in your National Insurance record within certain time limits, potentially increasing your eventual state pension.

Where can I get an exact figure?

The GOV.UK 'Check your State Pension forecast' service gives your actual entitlement based on your full National Insurance record; this calculator only gives an estimate based on a simple pro-rata assumption.

These calculators are provided for general illustration and do not constitute tax or financial advice. Results depend on the accuracy and completeness of the information entered, and on circumstances this tool cannot capture, including residence, other income, reliefs, group structures and prior-year positions. Rates and thresholds are those published by HMRC for the tax year selected and may change. You should not act, or refrain from acting, on the basis of these figures alone. For advice specific to your company, book a free consultation.

Key tax terms explained

Talk to an accountant

Tell us what is getting in the way.

Share your next deadline, accounting problem or growth question. We will reply with a clear next step and quote any technical work before it begins.

Chat with ACCOTAX on WhatsApp
Free, no obligation

Book a call

Pick a time that suits you and a qualified accountant will call you about your company, deadlines and fees.

020 3441 1258 WhatsApp us

Appointments run Monday to Friday, 9:00am to 5:30pm. Your confirmation is emailed straight away.

Four London offices

Meet us in Morden, Croydon, Chelsea or Mitcham

Work with us entirely online, or sit down with your accountant at whichever office suits you. Open Monday to Friday, 9:00am to 5:30pm. Office visits are by appointment only, so please book before coming in.

Morden, Surrey12 London Road, Morden, SM4 5BQHead office, two minutes from Morden Underground station.DirectionsRead ACCOTAX Google reviews
Croydon73 Park Lane, Croydon, CR0 1JGCentral Croydon, minutes from East Croydon station.DirectionsRead Croydon Google reviews
ChelseaM-112, 65-69 Lots Road, SW10 0RNWest London base for Chelsea, Fulham and Kensington clients.DirectionsRead ACCOTAX Google reviews
Mitcham141 Morden Road, CR4 4DGServing Mitcham, Tooting and the CR4 postcodes.DirectionsRead Mitcham Google reviews

Free, no obligation

Book a call

Pick a time that suits you and a qualified accountant will call you about your company, deadlines and fees.

Appointments run monday to friday, 9:00am to 5:30pm. Your confirmation is emailed straight away.

WhatsApp