Earlier this week I mentioned the alignment of state pension ages for both men and women, however, there is more.

The State Pension age for both men and women is set to increase from 65 to 68 between 2024 and 2046, with each change phased in over two consecutive years in each decade.

• The first increase, from 65 to 66, will be phased in between April 2024 and 2026;
• the second, from 66 to 67, will be phased in between April 2034 and 2036;
• and the third, from 67 to 68, between April 2044 and 2046.

There is a State Pension Calculator on the Pension Service website if you want to calculate the exact date for you.

If you want to discuss this or any other matter, then please do not hesitate to contact us.

Shane Beardsley
Managing Director / Independent Financial Adviser

From 6th April 2020, the State Pension age for women will be the same as it is for men, 65.

Women’s State Pension age will start to change gradually from 2010, but this will not affect women born on or before the 5th April 1950, who can still claim their State Pension at 60. Women born on or after 6 April 1955 will have a State Pension age of 65!

There is a State Pension Calculator on the Pension Service website if you want to calculate the exact date for you.

If you want to discuss this or any other matter, then please do not hesitate to contact us.

Shane Beardsley
Managing Director / Independent Financial Adviser