Will you be affected by the government’s plans to speed up the raising of the state pension age to 66?
The government's latest plans mean 300,000 women would have to wait 18 months longer for their state pension.
Late in 2011, Parliament has passed the Pensions bill which includes a speeding up of the rise in the state pension age for women (first announced in October 2010). The coalition government wanted to speed up the rise in the state pension age to 66 by April 2020, but in an amendment to its original plans, the state pension age won't rise to 66 until October 2020.
A new survey shows that three quarters of women don’t know how much they’ll get from their state pension
A survey by The Pensions Advisory Service shows many women are also confused about when they’ll receive their pension
At the end of last year The Pensions Advisory Service – a free-to-use government funded information service, carried out a survey of women about their state and company pensions. It’s something I mentioned in a couple of my newsletters, so thank you if you filled in the survey. Today it's published the results.
The Autumn Statement included plans to let anyone over state pension age increase their state pension
If you’ve retired or will reach state pension age by 2016, you can buy extra National Insurance. Is it worth it?
If you’ve already retired or you will reach state pension age before April 5th 2016, you can buy extra state pension, under plans announced by the chancellor in the Autumn Statement. As official figures show that fewer than half of women currently receive a full basic state pension, women could - in theory - make the biggest difference to their pension. The new scheme, being introduced in October 2015, will let you buy extra 'additional' state pension – the part of the state pension that you receive on top of your basic state pension.