Published On: Tue, Apr 9th, 2019

State pension UK: What is new state pension age? Age you can claim changes in May 2019

Share This
Tags


The state pension age is the age you must be in order to claim the new state pension. This has been rising in recent years, for both men and women. In the past, this stood at 60 for women, and 65 for men. However, state pension age equality was reached back in November last year, with both men and women having to reach the age of 65 before they could claim the money.

This particular change has been criticised by some, with a number of the women challenging the changes on the basis that they were not given warning that they would need to prepare for their retirement in a different way.

The state pension age is now gradually rising again, under the Pensions Act 2011.

This will see the state pension age reach 66 by October 2020.

Last month, those with the date of birth between December 6 1953 and January 5 1954 reached their state pension age on March 6 2019.

This meant that the state pension age for these people was between 65 and three months, and 65, two months, and one day.

But, on May 6 this year, those born between January 6 1954 and February 5 1954 will reach the state pension age.

Anyone born on the former date will have the state pension age of 65 years and four months.

Meanwhile, those born right at the end of the affected birth dates, will reach state pension age once they pass the age of 65 years, three months, and one day.

The state pension age is under review, meaning it may change again in the future, but the current plan is to raise the age to 68 between 2044 and 2046.

The government website explains that this is because life expectancy is increasing, meaning more people are spending their adult life in retirement than ever before.

You can claim the new state pension in the months ahead of passing your state pension age.

However, you will not get any payments from it until your reaching the age.

The new state pension differs to the basic state pension.

This latter type follows different rules, and the maximum amount you can get per week is not the same either.

It is only available to claim if you’re a man who was born on April 6 1951, or a woman whose date of birth is before April 6 1953.

Whatever type of state pension you’re on, it may be that you don’t qualify for the full amount available.

In order to check your state pension amount, visit the government website to use its calculator. This will tell you your state pension forecast.



Source link

About the Author