However the timetable for the increase in the State Pension age from 67 to 68 could change as a result of a future review. Before any future changes could become law Parliament would need to approve the plans. There is more information about claiming the State Pension, and how to get a State Pension Statement, available here
How often does the state pension age have to be reviewed?
The Pensions Act 2014 provides for a regular review of the State Pension age, at least once every five years. The Government is not planning to revise the existing timetables for the equalisation of State Pension age to 65 or the rise in the State Pension age to 66 or 67.
Which is the best living standard for retirement?
The Pensions and Lifetime Savings Association this month put together a set of three retirement living standards — basic, moderate and comfortable — based on research by Loughborough University. It hopes these will resonate with pension savers in the same way that being told to eat “five a day” encouraged fruit and vegetable consumption.
Is it safe to retire on £1.055m pension?
If you have a generous final-salary pension which gives you a guaranteed income that rises in line with inflation, you may not have many money worries, other than busting that £1.055m pensions lifetime allowance. In this case, you could think about plumping up the pensions of the younger generations in your family.
How many people are getting married in the over 65’s?
Among men in their late 60s, 3,520 became bridegrooms; among women 1,990 became brides. While the percentage rise is significant, the numbers are small. However, given that there will be 20 million over 65s by 2031, a tiny show of wedding bunting, at this stage, could yet turn into yards of the stuff relatively soon. So what’s driving the change?
When does the state pension go up for women in the UK?
GOV.UK provides more information about claiming the State Pension and how to get a State Pension statement. Under the Pensions Act 2011, women’s State Pension age will increase more quickly to 65 between April 2016 and November 2018. From December 2018 the State Pension age for both men and women will start to increase to reach 66 by October 2020.
Is it too late for marriage for over 65s?
T he news that the battered and bruised institution of marriage has apparently received the kiss of life – especially among those aged over 65 – was greeted with enthusiasm last week; everybody loves the cheer of wedding bells and a sprinkling of confetti. Matrimony is at its strongest for a generation.
