Retiree 2: My main source is my state pension, my NHS pension is very minimal, but it covers some of the bills. The state pension is different to a workplace pension, something we’ve covered off already in this podcast series. Meanwhile, there’s plenty of debate around how much the state pension should rise by each year. If you’re reaching state pension age after April 2016, you’ll be covered by what’s known as the new state pension, as opposed to the basic state pension. Just one final note on this: before paying voluntary national insurance contributions, make sure you’re getting any national insurance credits you’re entitled to.