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How Much is Old Age Pension Grant in Namibia?



How Much is Old Age Pension Grant in Namibia?

The state pension is a regular payment from the government that you can claim when you reach state pension age. The amount you get depends on your National Insurance (NI) record. You can use the state pension age calculator to find out when you’ll reach the state pension age. The full state pension is currently £1720 per week. You may get less if you have not paid or been credited with enough NI contributions. You may get more if you have made voluntary NI contributions or have deferred your state pension.

The Old Age Pension in Namibia

The Government of the Republic of Namibia introduced the old age pension in Namibia in order to provide financial security for its citizens during their retirement years. The old age pension grant is currently set at N$2,000 per month. This amount is intended to cover the basic needs of a retiree, such as food, shelter and clothing. In addition, the old age pension grant is also used to help cover the costs of medical care and other essential services.

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Who Is Eligible?

Who is eligible for the old age pension grant in Namibia?

To be eligible for the old age pension grant in Namibia, you must be a Namibian citizen aged 60 or over. You must also have been resident in Namibia for at least 15 years, and must not be in receipt of any other form of pension or grant.

The old age pension grant in Namibia is currently N$1,400 per month. This amount is reviewed annually in line with the cost of living.