State Pension age changes start next year

  lotvic 14:40 23 Jan 2009
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Find out your State Pension age with the State Pension age calculator click here

"The State Pension age is set by law and is 60 for a woman born on or before 5 April 1950 and 65 for a man. You cannot get your State Pension before State Pension age, even if you retire from your employment before State Pension age. For women born on or after 6 April 1950, State Pension age will begin to increase from April 2010 so that by 2020, both men and women will have the same State Pension age of 65.

The state pension age for both men and women is 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 April 2026; the second, from 66 to 67, will be phased in between April 2034 and April 2036; and the third, from 67 to 68, between April 2044 and April 2046."

What do you think of the changes?

  oresome 14:55 23 Jan 2009
Answer

Some people may wish to work until they are 68, but I susoect many more would like to take advantage of improving longevity with a well financed longer retirement period.

  dagnammit 15:18 23 Jan 2009

In the year 2050
and
I will be 68yrs old.

:(

  interzone55 15:24 23 Jan 2009

Whilst we're living longer the reality is that we have to retire later, otherwise the pension system will just go into meltdown as the working population pays for more & more pensioners who are all living longer.

Unfortunately for the Telegraph readers amongst us, there is no way this can be blamed on our present Government...

  Noldi 15:40 23 Jan 2009

Just miss out.
21.03.2024 will be my 65th. But I will be retireing at least 5 years before they want me to.

Noldi

  Pineman100 17:24 23 Jan 2009

Speaking as one who's lifelong ambition has been to retire (achieved 6 years ago at the age of 60 - whahayyy!), I'm very grateful that the age increase didn't affect me.

Seriously, by the time I reached 60, I was ready to retire while I was still sufficiently fit and vigorous to enjoy all the activities that the retirement years allow you to undertake.

I can't imagine what it would be like to work until 68. :o(

  realist 17:25 23 Jan 2009

I "retired" in January 1997 and, all being well, look forward to receiving my State Pension from next January.

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