The state pension age has been changing in recent times, having previously been 60 for women and 65 for men. In November 2018, the state pension age for women reached 65, and now the age is rising at the same rate.
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It is due to reach 66 in October 2020, ahead of further increases to 67 and then 68.
January marks a significant date in the timetable of the changes, and this is that a certain group of people will reach state pension age.
On January 6, 2020, people who have the date of birth within the date range of May 6, 1954 and June 5, 1954, will reach state pension age.
It’s possible to check a person’s state pension age online using the state pension age calculator.
This tool shows that a person who was born on May 6, 1954, has the state pension age of 65 years and eight months.
Those with the latter date of birth have a state pension age of 65 years, seven months, and one day.
According to the timetable of changes under the Pensions Act 2011, the next set of people after the aforementioned group to reach state pension age will be those born between June 6, 1954 and July 5, 1954.
They are due to reach state pension age on March 6, 2020.
Under the Pensions Act 2016, the state pension age is due to rise from 66 to 67 between 2026 and 2028.
The way in which the increase to the state pension age is phased has been change, meaning that for changes during this time, people born between April 6, 1960 and March 5, 1961 will reach their state pension age at 66 years and the specified number of months, rather than it being on a specific date.
Under the Pensions Act 2007, the state pension age for men and women will increase from 67 to 68 between 2044 and 2046.
The timetable of the changes can be found on the government website.
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The Check your State Pension age tool on the government website can be used in order to find out what a person’s state pension age is, as well as the date on which they reached or will reach state pension age.
It also details what a person’s Pension Credit qualifying age.
Another tool on the government website is the Check your state pension service.
This can be used in order to find out how much state pension a person could get, with this amount being known as the state pension forecast.
Additionally, it details when a person will be able to get it.
It may be that a person is able to increase the amount they can get.
The state pension tool can be used by an individual in order to find out how to increase it, if they can do so.Source: Read Full Article