The UK Pension is divided into seven major categories. Thefollowing categories represent the seven: Basic State, OccupationalPensions, State Second Pensions, Stakeholder Pensions, Personal orIndividual Pensions, and Group Personal Pensions. In the UK, thestate provides a basic pension that is designed to prevent povertyduring old age. Men must be over the age of 65 and women must beover the age of 60 to get this UK pension.The goal is to equalize the pension age, and the governmentplans to have the age equal by the year 2020. The Old Age Pensionwas first introduced in 1909. The initial payment was 5 shillingsper week. The Old Age Pensions Act 1908 stated that the qualifyingage for this UK pension was 70. There is an extra state pensionavailable to those paying National Insurance, and other