The coming year will be marked by many changes that could affect your personal finances. The first year after a general election is often the time when major reforms take effect, especially those which create losers as well as winners. 2016 will be no exception. State pensions 6 April will see the new single-tier state pension start. Its initial level will be £151.25 a week (in 2015/16 terms), but complex transitional measures mean that only 37% of those reaching State pension age in 2016/17 will receive the full single-tier pension. By 2035 the proportion will rise to 80%. Support.