The state pension is something which many people rely on as part of their finances during their later years. However, in recent years, the age at which you’re allowed to claim it, has risen. Ahead of the changes, in the past, the state pension stood at 60 for women, and 65 for men. While the age is the same between the two sexes these days, it is continuing to rise.
Yesterday was a significant day in relation to the increase in the state pension age from 65 to 66 for both men and women.
That’s because those born between January 6, 1954, and February 5, 1954, reach state pension age.
Those born on the former date will have the state pension age of 65 years and four months.
Meanwhile, people born just shy of a month later, on the fifth, have a state pension age of 65 years, three months, and one day.
The group of pensioners who previously have been most recently affected were those born between December 6 1953, and January 5, 1954.
Their state pension age varies between 65 years and three months, and 65 years, two months, and one day.
The next significant date in terms of these rises is expected to be July 6 this year.
It’s on this date when those born between February 6 1954 and March 5 1954 which reach state pension age.
The age increases have been gradual, hence these different timeframes.
By October 2020, the state pension age for both men and women should be 66.
It looks like more change is ahead; the state pension age will increase to 67 between 2026 and 2028.
Daily Express :: Life and Style Feed