MSE News: State pension age rise delayed

molerat

Stargazer57 gave the link to the new timetable in #6

The official page http://pensions-service.direct.gov.uk/en/state-pension-age-calculator/home.asp gives the current status as per the law and does not take the proposals into consideration. The "proposed changes" link in that page takes you to today's announcement.

gilby_2

You should get your extra tax allowance in the year in which you are 65 as it is based purely on age and not on receipt of State Pension. It may however be reduced if your total income exceeds whatever limit applies for the year (currently £24k)

molerat

We'll wait and see on that one. As the state pension age has not increased in law yet I expect the tax changes will follow.

fussy_eater

gilby wrote: »

I think I must have missed something here. My wife was born on 3/10/1953 and, prior to the 'age equality moves' would have qualified for a pension on 3/10/2013 at age 60. The 'first' deferral put this back to 6/3/2017 when she would have been 63.5. The second deferral put this back a further year to 6/3/2018 at age 64.5. I have just looked at the Directgov website (which actually mentions today's 6 month adjustment) but seems to show the same 6/3/2018 qualifying date. How exactly does my wife benefit from this so called magnanimity by the Pensions Secretary?

I am in the same position, my birth date was 26.7.53 and my state pension is unchanged also. Got quite excited about this until I looked into it further! So we are still getting an unfair deal. Thank you Mr Cameron!!! :mad::mad:

Stargazer57

fussy_eater wrote: »

I am in the same position, my birth date was 26.7.53 and my state pension is unchanged also. Got quite excited about this until I looked into it further! So we are still getting an unfair deal. Thank you Mr Cameron!!! :mad::mad:

Life expectancy for a 64 year old female in 2017 is expected to be just under 26 years which is better (at State Pension Age) than any man has ever had or any woman up to 1994. Still looks pretty good to me.

And you are going to have the link with earnings restored, so all in all its a pretty valuable package.

However if you are a glass-half-empty type of person you will always be able to find someone else doing better, and convince yourself that you are "losing out"

Froglet

fussy_eater wrote: »

I am in the same position, my birth date was 26.7.53 and my state pension is unchanged also. Got quite excited about this until I looked into it further! So we are still getting an unfair deal. Thank you Mr Cameron!!! :mad::mad:

I am exactly 3 days younger than you and the whole thing is unfair.

Unfair too on the young who need jobs,yet the government make people work longer when they have already worked up to 50 years.

Magnolia

Froglet wrote: »

Unfair too on the young who need jobs,yet the government make people work longer when they have already worked up to 50 years.

I agree with you - don't these suits in London realise that we are tired! Freeing up my job would give someone else the chance of getting out of the benefit trap and it would cost the government a lot less to pay my pension of £79 a week than it would working tax, council tax and all the other freebies that come with being on an income based benefit.

I am still unsure of how it will effect me - I was born in October 1952 and cannot make head or tail of how it all will work out:(

Quiet_One

I'm sure the boffins have provided some misinformation due to a typo on the 4th row of the table showing the proposed changes. For those with dobs between 6 March 1954 & 5 April 1954 the qualifying pension date should be September 2019. Am I right?

McKneff

Im just glad my mother had me in late 1949:j:j:j

bigk

Quiet_One wrote: »

I'm sure the boffins have provided some misinformation due to a typo on the 4th row of the table showing the proposed changes. For those with dobs between 6 March 1954 & 5 April 1954 the qualifying pension date should be September 2019. Am I right?

Hi Quiet One, my date of birth is between these dates so until today I was looking at March 2020 as my retirement date. I am sure it's a typo. Can't they get anything right? What do others think?