15th March 2011
What’s your new state pension age?
Updated 15th March 2011:
Following the government’s announcement on Wednesday 20th October, more people will receive their state pension later than was previously the case.
We know that the lastest changes will affect at least two groups of people:
- The state pension age will be equalised with men at 65 for all women by November 2018.
- The state pension age for men and women will increase to 66 between November 2018 and April 2020.
- The planned increases in the state retirement age to 67 and then 68 may also be brought forward.
We will not know exactly how our clients will be affected until these changes are passed into law - probably sometime in the summer of 2011. In the meantime the government have issued the following handy table. (Please note that the State Pension Age calculator on the Pensions Advisory Service website will not include the new changes until they are passed into law).
It is important to remember that you do not have to stop work at your state pension age. If you have enough money saved you can stop work earlier. Or from April 2011 you will have the right to keep working past the age of 65 if you want to.
