A report from the House of Commons Library shows that the pension systems of Ireland, Denmark and the Netherlands are arguably good European comparators for the UK State Pension system. This is because like the UK, these countries also provide a flat-rate state pension based on the number of qualifying years a person amasses during their working life.
Ireland
Ireland pays a non-means-tested, flat-rate pension to people from the age of 66 who have made enough social insurance contributions.
The full rate is available for those with 48 or more qualifying years. As of 2021, the full pension amount is €248.30 (or £214) per week.
Netherlands
The Netherlands follows a pension system that consists of a basic state pension that is linked to the country’s minimum wage.
A single pensioner gets an amount worth up to 70% of the net minimum wage. A pensioner couple gets the equivalent to 100% of the net minimum wage (50% each).
The pension amounts are revised each January and July, alongside the minimum wage itself.
The pension system is also residence-based. Individuals accrue 2% of the full pension amount for every year they reside in the country between the age of 15 and the pension age (up to a maximum of 50 years).
Currently, the full pension amount stands at €1,218.19 per month (around £260.84 per week) for a single person. For married or cohabiting couples, it is €832.86 per month (£178.33 per week).