Glossary

The world of property investment can sometimes be confusing; our Glossary is full of useful terms to help every investor, whether they are a first time landlord or a seasoned portfolio builder.


S

State Pension


A regular payment from the UK Government which you are entitled to when you reach state pension age, which is currently 65 for men and 63 and nine months for women until 2018, when it will equalise at 65 for both genders. The retirement age will reach 66 by 2020 and 68 by 2028. The full basic state pension is £122.30 per week. The basic state pension increases every year by whichever of these is the highest:

  • Earnings - the average percentage growth in wages (Great Britain)
  • Prices - the percentage growth in prices in the UK as measured by the Consumer Price Index
  • 2.5%