State Pension or Old Age Pension. 65 for men and 60 for women - for
State Pension - what used to be called the old age pension - is
undergoing changes - like every other form of benefits. You have to be
'entitled' to claim state pension. There are certain things you should
have done in life to make yourself an 'entitled' person. Just being 65
if you are a man, and 60 if you are a woman, does not automatically
qualify you for maximum basic state pension.
The State Pension UK is based upon
the amount you have paid in during your life by way of National
Insurance contributions - NI contributions.
From 2010 onwards, the State
Pension age for women will rise from 60 years, through to 65 by the
year 2020. From 2020
age will be 66 for MEN and WOMEN
Age Increase for Women
Women born on or before 6th April 1950 will not be
affected, because mathematically they will slot into the new age
increases. (They will have a 'state pension rights' age during the
years 2010 and 2020).
Women born between the years of
6th April 1950 and 5th April 1955, will have a State Pension
age between the years they are aged 60 and 65 - ie the 'increase' years
between 2010 and 2020.
Women born or or after April 6th
1959, will have to reach 65 under the new scheme before thy are
entitled to state Pension.
By the year 2018 Women will have to reach the age of 65
- same as men - before they are entitled to receive
After the year 2020, the state
pension age is set to increase for men and women up to the age of
68. This will be phased in over 22 years - reaching conclusion
No longer is it called
the Retirement Pension, for the government hopes that
most will continue to work well after their normal
retirement ages of the past! In reality, most will have
to work beyond their normally retirement age in order to
live a comfortable life. thankfully. more opportunities
are being made available for people to work beyond their
What else should I know? More follows
about the Pensions Reform Bill - watch this space!
How do you get State Seniors Pension?
The most important thing is, that you should have
reached Sate Pension Age. It does not matter if you are retired
from work or not. Once you have reached the proper age for State
Pension, then you are ready to claim for it.
If you, or your partner/husband/wife have paid NI
contributions, you 'may' be entitled to state Seniors Pension.
So, if you are the right age - see above - and NI
contributions have been paid or credited for/by you or your
partner, then you can go to the next stage.
The Basic State Pension Maximum....
not something that you automatically get. In fact, many are often
disappointed to find that they do not get the full basic
old age pension rates for
some reason or other - usually a lack of sufficient NI contributions
at some time in your life.
You have to have a certain number of
'qualifying years' of paying NI contributions during your working
life. It may be possible also that you have been credited with NI
contributions without actually paying them at some point.
Whilst you may think that you have
'worked' all of your life, the Pensions service has a definition of
'working life'. Nothing to worry about, they just like to make
things sound complicated.
Your Working Life is normally as
follows - providing you have met the NI contributions
age ranges for women, take into account the new extended ages before
pension is available - ie 65 in 2020. For instance in the table
below, the woman having to work for 47 years, will be one who was
age 16 or thereabouts in 1968. So she will be entitled to state
seniors pension when she is 63 years old. This is just a simple explanation
of the new system of bringing the pension age into line with men -
explained earlier .
Working Life for women will be ......
44 years for women born on or
before 5 October 1950
45 years for women born on 6
October 1950 or on any day through to and including 5 October
46 years for women born on 6
October 1951 or on any day through to and including 5 October
47 years for women born on 6
October 1952 or on any day through to and including 5 October
48 years for women born on 6
October 1953 or on any day through to and including 5 October
49 years for women born on 6
October 1954 or later
The Next Question is normally -
How Much Do I get?
This is a seemingly simple question.
The answer often caused stress and anxiety, but there is a
relatively easy way to find out - of which, more later.
From the April 2011, the basic
state pension is £102.15 for a single man or woman or civil partner.
If it is based upon your
late husband, wife or partner's NI contributions.
Based just upon your late husband's NI contributions alone, it
A Non-contributory Over 80's person
pension is £61.20. There is an age addition of £0.25.
All of these are reviewed and uprated
in April each year. If you live in certain countries abroad, this
uprating might not be applicable.
If you find
yourself at the lower end of the Pension Payment scale, do not
worry! This is where the pensions Credit scheme comes into
action, to help you get more - a basic minimum of £124.05 - maybe