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Social Security

Department of Health and Social Security
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RETIREMENT PENSION

What is it? | Basic qualifying condition | How much could I get and how am I paid? | How and when should I apply? | What else might I be able to claim?
Claim form Request one by filling in our online form
Tel :
01624 685176
E-mail : pensions@socialsecurity.dhss.gov.im

What is it?

Retirement Pension (RP) is paid to you if you are aged 60 (women) and 65 (men) and certain contribution conditions are met. It is not affected by earnings.

From 2010 onwards the State pension age for women will be increased gradually from 60 to 65 until 2020, when it will be fixed at 65 for both men and women.

Specifically

Categories of Retirement Pension

For further information please download the documents below.

Basic qualifying condition

To qualify for RP you must have -

To qualify for a 100% basic pension, 90% of the years of your working life must be "qualifying years". So if your working life is 49 years or more, you will need to have 44 qualifying years in your working life. If you do not have enough qualifying years to get 100% basic pension, a reduced pension can be paid, but at not less than 25% of the basic pension.

"Qualifying years" are those in which you have paid or been credited with sufficient National Insurance contributions for a pension.

How much could I get and how am I paid?

Retirement Pension consists of different components:

Payment is made from the first benefit pay day after a customer reaches State pension age. Click here for Rates.

You can have your pension paid weekly by orders which you can cash at a Post Office, or you can have it paid every 4 weeks direct into your bank or building society account (your bank or building society account must be held in the Isle of Man), or yearly if your pension entitlement is £5.00 a week or less. This will be paid at the same time as the Christmas Bonus.

How and when should I apply?

A claim form (RP1) is sent to the latest address held on record, four months before you reach pension age. The claim form should be returned to the Department's Head Office at Markwell House, Market Street, Douglas. The onus is on you to obtain and submit a claim form at the correct time.

What else might I be able to claim?

Other benefits can affect the basic pension. Also other benefits paid to or for any dependants can affect the increase for the dependant.

Attendance Allowance, Disability Living Allowance, Christmas Bonus

For further information on Retirement Pension please download the documents below -

Downloadable Documents
Acrobat PDF FileRM2(IOM) - Approaching Retirement ? (391 kb)
Format:Acrobat PDF File
This leaflet gives details of the benefits you may be able to get if you are approaching state pension age or thinking about retirement.
Acrobat PDF FilePM1 (IOM) - A Guide to your Pension Options. (496 kb)
Format:Acrobat PDF File
This guide tells you about the different types of pensions which are available.
Acrobat PDF FileSection 12 - Benefits and Contributions Information Guide. (46 kb)
Format:Acrobat PDF File
This is an excerpt from our guide which outlines Retirement Pension.

You will need Adobe Acrobat to download documents that are PDFs, this is available free by following this link:Download Adobe Acrobat

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