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State pension: UK pension age is changing in 2019

State pension: UK pension age is changing in 2019 1107762


The state pension is a sum of money that is regularly paid by the Government to those who are entitled to claim it.

As well as having worked and paid into the pension, people have to reach a certain age before they can receive the money.

In the past, this stood at 65 for men and 60 for women.

However, the state pension age has risen over the years which has left many confused about exactly when they can claim their pension.

The age of state pension has been increasing, meaning that many are having to work longer before they can receive their pension.

From November last year, state pension age became the same for men and women, as they both had to reach 65.

However, this year, the pension age is set to change once again.

This year, the state pension age has increased for both men and women and it will be up to 66 by October 2020.

What’s more, the Government is already planning to raise the age further.

Between 2026 and 2028, there are already plans to raise the state pension age from 66 to 67.

It is something that is kept constantly under review, which means it could change again unexpectedly in the future.

Factors such as life expectancy are taken into consideration when planning the age that pensioners can claim their cash.

For those unsure about when they will start receiving their pension, the Government website have a calculator to help out.

All you need to provide in order to do this is your date of birth, as well as say whether you’re a man or woman.

State pension claimants may see a rise in their payments next month, but this depends on a number of factors. 

For those who receive the basic state pension, it will rise by £3.25, going from £125.95 to £129.20 per week.

Pensioners who receive the new state pension will see a rise from £164.35 per week to £168.60.

Experts have revealed many pensioners aren’t receiving the maximum sum they could in their state pension, as many do not realise they qualify for benefits. 

HUB Financial Solutions’s survey of pension age Britons found 52 percent of homeowners had never checked whether they were entitled to State Benefits.



Source: express.co.uk

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