Friday, May 29, 2020

Basic State Pension age

Basic State Pension age by Michael Cheary State Pension age is the earliest possible age that you become eligible to collect your basic State Pension.The current State Pension age (SPA) is determined by your date of birth, and is always subject to change. The current guidelines are as followsCurrent State Pension ageThe current State Pension age is:For men born before 6 December 1953, current SPA is 65For women born before 6 April 1950, current SPA is 60For women born on, or after, 6 April 1950 but before 6 December 1953, current SPA is between 60 and 65Increase in State Pension ageUnder the Pensions Act 2011, the following changes will take effect:For women born on or after, 6 April 1950, SPA will increase to 65 (between Apr 2016 and Nov 2018) and to 66 (between Dec 2018 and Oct 2020)For men born on or after, 6 December 1953, SPA will increase to 66 (between Dec 2018 and Oct 2020)Under the present law, the following increases will also be enforced:SPA will increase to 67 between 2034 and 2036SPA wi ll increase to 68 between 2044 and 2046Proposed changesThe government has proposed changes to the law, suggesting the increase in SPA to 67 should now take place between 2026 and 2028. However, this has not yet been passed as law, and the parameters are always subject to change. For more detailed information, and to be kept up-to-date with the latest developments, we always recommend you contact your local pension office.To find out more about your eligibility, use this handy State Pension calculator. Find a job What Where Search JobsSign up for more Career AdviceSign up for moreCareer Advice Please enter a valid email addressmessage hereBy clicking Submit you agree to the Salaries

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