State pension age: How to check yours with pension age under review | Personal Finance | Finance
The state pension age is under review, with two changes to the state pension age currently scheduled. The review will determine whether the scheduled changes are appropriate.
In conducting the review, the Government has said it will:
- Examine the implications of the latest life expectancy data
- Provide a balanced assessment of the costs of an ageing population and future state pension expenditure
- Consider labour market changes and people’s ability and opportunities to work over state pension age
- Develop options for setting the legislative timetable for state pension age that are transparent and fair
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Between 2044 and 2046, the state pension age is scheduled to rise again to age 68.
The full new state pension is paid at a rate of £179.60 per week, providing £9,339.20 for a full year.
This will rise from April 2022, taking the full new state pension to a rate of £185.15 per week.
The Government website can be used to check various information relating to an individual’s state pension age.
They can check not only what their state pension age is, but the exact date they are set to reach it.
Someone’s Pension Credit qualifying age should be the same as their state pension age.
Pension Credit is a benefit which is paid to people who have reached state pension age and are on a lower income.
People who live in England can get their free bus pass when they reach state pension age.
Residents of Scotland, Wales and Northern Ireland are eligible for free bus travel from age 60.
