Tuesday 22 February 2011

When will you get your state pension?

As I am sure you are aware, historically men could take their state pension from age 65 and women from age 60. From April 2010 a process began to increase the age or women from 60 to 65. This change means that women born between April 1950 and April 1955 would retire later than they expected between May 2010 and April 2020.

The new proposals are that women born between April 1953 and December 1953 will have their State Pension delayed by up to a further 16 months. Men and women born between December 1953 and April 1954 will also have their State Pension delayed further. There are then future changes to increase the state pension age to 67 and then 68.

You can check for your actual State Pension age (based on your date of birth) at

http://pensions.direct.gov.uk/en/state-pension-age-calculator/home.asp

and see the new proposals in detail at

http://www.direct.gov.uk/en/Nl1/Newsroom/SpendingReview/DG_192159

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