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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
    edited 21 October 2010 at 1:29PM
    jamesd wrote: »
    They probably just listened to the speech. Hugheskevi got the announcement right in his earlier post here.

    So long as it's both men and women doing that I'm happy with it.

    The speech (and the document and your link) stated that there would be transition 2018 - 2020, The Mail states it would be a simple before and after (anyone born before/after April 6th 1954.
    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.

    Read more: http://www.thisismoney.co.uk/pension...#ixzz12voL6baV
    '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
  • New! Between December 2018 and April 2020, retirement ages for men and women are increasing to 66.

    So I think it will go something like this?

    Dec 2018 add 2 months
    Mar 2019 add 2 months
    July 2019 add 2 months
    Nov 2019 add 2 months
    Mar 2020 add 2 months
    Apr 2020 add 2 months i.e. 1 year so 66

    Anyone concour, or am I talking bollux? :o
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    So I think it will go something like this?

    Dec 2018 add 2 months
    Mar 2019 add 2 months
    July 2019 add 2 months
    Nov 2019 add 2 months
    Mar 2020 add 2 months
    Apr 2020 add 2 months i.e. 1 year so 66

    Anyone concour, or am I talking bollux? :o

    I have to agree as I posted something similar in post 39 :)
    '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
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    StevieJ, the Mail covered the 2020 situation, not the transition on the way there. The speech covered both the end state and the transition.
  • bigk
    bigk Posts: 35 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Just spoken to the Pension service who confirm that those reaching 65 between 2018 and 2020 would be affected by the pension changes to a greater or lesser extent on a sliding scale. he could not give me any detailed information but suggested that I might be affected by as much as 6 months (dob March 1954) He also said that Direct.gov would be amending their lists in about a week. We will see! So, yes I concur!:D
  • StevieJ wrote: »
    I have to agree as I posted something similar in post 39 :)

    Sorry, missed it! At least we seem to be singing from the same hymn book!
  • jem16
    jem16 Posts: 19,751 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    jamesd wrote: »
    So long as it's both men and women doing that I'm happy with it.

    Never going to happen though - would be seen as discrimination.
  • Bogof_Babe
    Bogof_Babe Posts: 10,803 Forumite
    So those of us (women) who are over 57 now but not 60 yet and already on the previous phasing-in scale will stay the same as before? Or will our increments be accelerated too?

    I'm 58 and 8 months and currently expecting to retire on 6th Jan 2014 when I will be 61 & 2 months & 1 week. Someone elsewhere posted a link to a scale published in the Mail that made it look like I will be 62, i.e. another 7 weeks, which is no great hardship, but I'd like to know if it's going to be significantly longer than that.
    :D I haven't bogged off yet, and I ain't no babe :D

  • molerat
    molerat Posts: 35,128 Forumite
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    I think it is a "wait until the official tables come out next week" situation ;)
  • hugheskevi
    hugheskevi Posts: 4,625 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I'm 58 and 8 months and currently expecting to retire on 6th Jan 2014 when I will be 61 & 2 months & 1 week. <cut> I'd like to know if it's going to be significantly longer than that.

    Only women who were due to reach State Pension age after April 2016 now have a higher State Pension age, so you will be unaffected.

    Reference text from the Spending Review document:
    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
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