Finding out what you are running.
IN CPANEL
The PHP selector shows the current version for your account and per directory.
IN WORDPRESS
Tools, then Site Health, then Info. It reports the server's PHP version.
IN YOUR HOSTING STATISTICS
The cPanel sidebar shows it on many configurations.
WHAT THE NUMBERS MEAN
Major version, then minor. Higher is newer.
WHAT IS CURRENT
Supported versions change over time. Check which versions are currently available in your cPanel selector.
Anything at the bottom of that list is likely to be old.
WHAT IF YOU ARE ON AN OLD VERSION
It still works, until an application requires newer, or a vulnerability is found and never patched.
Plan an upgrade rather than waiting.
WHAT TO CHECK ALONGSIDE
Whether your applications, themes and plugins support the version you intend to move to.
WHERE TO FIND THAT
The application's own documentation or requirements page.