OAP
From my recent (last month) experience, you will get your State Pension from a grateful government, which will be paid direct to you tax-free.
It will consume a very large portion of your personal tax-free allowance - so your tax code will change (go down), and the tax on your Service pension will increase. In simple (my) terms, you will effectively lose whatever tax bracket % you are in off your State Pension when you get it! Hope I haven't confused you with my cynical view.
Whatever you get, despite paying into the system for 35 years, it will almost certainly be less than an out-of-work migrant receives in benefits/tax credits etc, etc, etc. But the good news is that from July, they will have to wait 3 months before they can claim it!
That makes the 35 years you have paid into the system plus taxes etc so much easier to tolerate!!
Last edited by ex-fast-jets; 10th Apr 2014 at 21:59.