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Stage Pension age

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    From the Telegraph:

    Anyone under the age of 57 at the start of the current tax year in April will be affected by the move.

    And from Thisismoney:
    What we know for sure is this: all men and women under 57 will have to wait at least until 66 before they can retire. All Britons born after 6 April 1954 will have to wait until they're 66 from 2020.

    fj

    Is this fact, the actual report says that the increase will be phased in between Dec 2018 and April 2020
    the Government will speed up the pace of State Pension Age equilisation for
    women from April 2016 so that Women’s State Pension Age reaches 65 in November 2018.

    The State Pension Age will then increase to 66 for both men and women from December
    2018 to April 2020.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ wrote: »
    Is this fact, the actual report says that the increase will be phased in between Dec 2018 and April 2020

    The answer is, no one seems to f*cing know. This from the Pensions advisory service
    This calculator will be updated when full details of the changes have been released by the Department for Work and Pensions (DWP). In the meantime, it reflects the changes introduced by the previous government.

    :rotfl:
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    The answer is, no one seems to f*cing know. This from the Pensions advisory service



    :rotfl:

    What I don't understand why the Mail are so adamant, have they been privately briefed?
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ wrote: »
    What I don't understand why the Mail are so adamant, have they been privately briefed?

    Stevie, it's the Mail - they make it up as they go along ;)

    We should get a better idea tomorrow.
  • bigk
    bigk Posts: 35 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Has anybody got the definitive answer to this yet? There are still conflicting reports all over the place. :mad::beer::D
  • hugheskevi
    hugheskevi Posts: 4,623 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Has anybody got the definitive answer to this yet? There are still conflicting reports all over the place.

    I refer you to my answer above, and suggest you review the Spending Review document in conjunction with the Chancellor's Speech (also published online) rather than relying on general media articles which are prone to misreporting.
  • bigk wrote: »
    Has anybody got the definitive answer to

    It'll probably be 80 by the time they've sorted it out!
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    bigk wrote: »
    Has anybody got the definitive answer to this yet? There are still conflicting reports all over the place. :mad::beer::D

    The media have obviously received a press release saying that people over 57 on April 6th will be unaffected, the Mail and some others have presumably interpreted this to mean that anyone under 57 on that date will have to wait until 66 for their pension, would seem a leap in logic.
    I think what is more likely, and was the comment from the Telegraph, the operative word being affected and a phased increase say 2 month increase in retirement age every Quarter starting in Dec 2018 and finishing March April 2020.
    From the Telegraph:

    Anyone under the age of 57 at the start of the current tax year in April will be affected by the move
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • p00hsticks
    p00hsticks Posts: 14,650 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    StevieJ wrote: »
    The media have obviously received a press release saying that people over 57 on April 6th will be unaffected, the Mail and some others have presumably interpreted this to mean that anyone under 57 on that date will have to wait until 66 for their pension, would seem a leap in logic.
    I think what is more likely, and was the comment from the Telegraph, the operative word being affected and a phased increase say 2 month increase in retirement age every Quarter starting in Dec 2018 and finishing March April 2020.

    Even more accurately, I think it should be that that anyone between the ages of 57 and (I think) 50 will be affected - those younger than that will already not have been due to claim state pension until age 66 even before yesterdays announcement (I'm 50, born February 1960 and until yesterdays announcement would have been able to get my state pension at the age of 65 years and 10 months, now increased to 66)
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    StevieJ wrote: »
    What I don't understand why the Mail are so adamant, have they been privately briefed?
    They probably just listened to the speech. Hugheskevi got the announcement right in his earlier post here.
    jem16 wrote: »
    With men having to pay back the extra if they live too long..............
    So long as it's both men and women doing that I'm happy with it.
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