The rise in State Pension age

Millions of people born after 5 December 1953 will see their State Pension age rise from 6 December 2018 as a result of reforms designed to cut billions from the Uk’s welfare bill.

The movement represents the first state pension increase for men since the current system was introduced in 1948.

For some women, however, this is simply another state pension age rise.  The Pension Act 1995 meant the state pension age for women would increase from 60 to 65 between April 2010 and 2020, bringing it into line with their male counterparts’ state retirement age.

Some affected women born in the 1950’s have argued that they have been hit particularly hard by the change.

Under plans set out in the coalition government in 2011, the state pension age for both sexes will gradually increase from 65 to 66 between 6 December2018 and 6 October 2020.

The increase is being introduced incrementally, meaning people will experience different state pension ages depending on when they were born.

Those born from 6 December 1953 to 5 January 1954 will have a state pension age triggering point of 6 March 2019, so some retirees-in-waiting have to wait up to 3 moths longer to start receiving payment.  Those born later will see a larger increase depending on their date of birth.

The state pension age is then due to increase to 67 by 2028 and 68 by 2039.

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