Thursday, 5 December 2013

Changes to the State Pension


The government has recently proposed to introduce a single-tier State Pension from April 2016 and raise the State Pension age from 66 to 67 gradually between 2026 and 2028.

Any changes will have to be agreed by parliament before they become law.

Any current pensions and people reaching State Pension age before the introduction of the changes will continue to receive their State Pension in line with existing rules.

To put it simply, it is proposed that people born on or after the 6th March 1961 will reach State Pension age when they are 67 or older.

Use the handy calculator here to find out your State Pension age under the current law.

No comments:

Post a Comment