Latest news with #PensionsAct2007
Daily Mirror
4 days ago
- Business
- Daily Mirror
DWP confirms State Pension age change for people with certain birthdates
The DWP will start to implement a State Pension age change from next year, moving from 66 to 67 - and this is how it will affect you depending on your date of birth The Department for Work and Pensions (DWP) will commence a change in the State Pension age from next year, transitioning from 66 to 67. Those born between October 6, 1954, and April 5, 1960, will still officially reach pensionable age at 66. This applies until the conclusion of the 2025/2026 financial year. Following this, the State Pension age for both men and women will start to rise to 67, in a phased adjustment set to be finalised by 2028. This will impact anyone born between April 6, 1960, and April 5, 1977. READ MORE: 'I'm a beauty writer - the new ghd curling wand gave me perfect waves in 15 mins' In certain instances, individuals will attain State Pension age on their birthday, but those born between April 6, 1960, and March 5, 1961, will experience a gradual increase. This means they'll reach their State Pension age at 66 years plus an incrementally increasing number of additional months as it ascends to 67. We've compiled a list below detailing how you'll be affected and when you're due to receive your State Pension. Date of birth and the date when State Pension age is reached Born April 6, 1960-May 5, 1960: 66 years and 1 month (May-June 2026) Born May 6, 1960-June 5, 1960: 66 years and 2 months (July-August 2026) Born June 6, 1960-July 5, 1960: 66 years and 3 months (September-October 2026) Born July 6, 1960-August 5, 1960: 66 years and 4 months (November-December 2026). Note that a person born on July 31, 1960, is considered to reach the age of 66 years and 4 months on November 30, 2026. Born August 6, 1960-September 5, 1960: 66 years and 5 months (January-February 2027) Born September 6, 1960-October 5, 1960: 66 years and 6 months (March-April 2027) Born October 6, 1960-November 5, 1960: 66 years and 7 months (May-June 2027) Born November 6, 1960-December 5, 1960: 66 years and 8 months (July-August 2027) Born December 6, 1960-January 5, 1961: 66 years and 9 months (September-October 2027). But note that a person born on December 31, 1960, is considered to reach the age of 66 years and 9 months on September 30, 2027. Born January 6, 1961-February 5, 1961: 66 years and 10 months (November-December 2027). But note that a person born on January 31, 1961, is considered to reach the age of 66 years and 10 months on November 30, 2027. Born February 6, 1961-March 5, 1961: 66 years and 11 months (January-February 2028) Born March 6, 1961-April 5, 1977: 67 (March-April 2028) For people born after April 5, 1969 but before April 6, 1977, under the Pensions Act 2007, State Pension age was already 67. Looking ahead, the State Pension age for both genders is currently slated to rise from 67 to 68 between 2044 and 2046. This will affect those born after April 6, 1977, reports Birmingham Live.
Wales Online
08-07-2025
- Business
- Wales Online
DWP confirms new state pension rules starting next year
DWP confirms new state pension rules starting next year The Department for Work and Pensions (DWP) has confirmed the state pension age is rising from 2026 with the change to be gradually phased in over the course of a year The age increment to 67 will be implemented in stages (Image: Richard Swingler ) People born after April 1960 will experience a delay in receiving their state pension due to an age-rule alteration set to come into effect next year. The Department for Work and Pensions (DWP) has confirmed that the state pension age will increase from 2026 with the change being gradually introduced over a year. At present both men and women are eligible to claim the state pension upon reaching 66 but from next year this age will rise to 67. The current state pension age was established between December 2018 and October 2020, having risen from 65, and now another increase will occur between 2026 and 2028. The age increment to 67 will be implemented in stages and will affect when individuals born between April 6, 1960, and March 5, 1961, can claim their state pension. As those born within these dates fall into the transition period it means some will be nearing 66 when they receive their state pension while others will be almost 67 by the time they receive their first payment. Despite the age increase these individuals will still be able to access their state pension at 66 but not immediately after their 66th birthday. Article continues below The phased age increase implies that people will reach state pension age at 66 years plus a specified number of months, effectively delaying their payment, reports the Express. A spokesman for the DWP said: "The Pensions Act 2014 brought the increase in the state pension age from 66 to 67 forward by eight years. The state pension age for men and women will now increase to 67 between 2026 and 2028. "The government also changed the way in which the increase in state pension age is phased so that rather than reaching state pension age on a specific date, people born between April 6, 1960, and March 5, 1961, will reach their state pension age at 66 years and the specified number of months. For people born after April 5, 1969, but before April 6, 1977, under the Pensions Act 2007, state pension age was already 67." According to the DWP's schedule the state pension age will rise from 66 to 67 during the period from 2026 to 2028: Born between April 6, 1960 and May 5, 1960 - reach state pension age at 66 years and one month Born between May 6, 1960 – June 5, 1960- reach state pension age at 66 years and two months Born between June 6, 1960 – July 5, 1960- reach state pension age at 66 years and three months Born between July 6, 1960 – August 5, 1960 - reach state pension age at 66 years and four months Born between August 6, 1960 – September 5, 1960 - reach state pension age at 66 years and five months Born between September 6, 1960 – October 5, 1960 - reach state pension age at 66 years and six months Born between October 6, 1960 – November 5, 1960 - reach state pension age at 66 years and seven months Born between November 6, 1960 – December 5, 1960 - reach state pension age at 66 years and eight months Born between December 6, 1960 – January 5, 1961 - reach state pension age at 66 years and nine months Born between January 6, 1961 – February 5, 1961 - reach state pension age at 66 years and 10 months Born between February 6, 1961 – March 5, 1961 - reach state pension age at 66 years and 11 months Born between March 6, 1961 – April 5, 1977 - reach state pension age at 67 Article continues below People born post-April 5, 1977, are set to receive their state pension at 67 with plans indicating a further increment to 68 between 2044 and 2046, extending the wait for younger cohorts. The DWP asserts that the age increments consider a "range of factors", such as life expectancy, and any amendments must be ratified by Parliament to become effective. Presently there are no intentions to alter the timetable for the elevation from 66 to 67 but the progression from 67 to 68 "could change" following a review.
North Wales Live
06-07-2025
- Business
- North Wales Live
DWP confirms 2026 State Pension age rise - how you will be affected
Individuals born after April 1960 will experience a delay in receiving their State Pension due to an age rule alteration set to come into effect next year. The Department for Work and Pensions (DWP) has confirmed the State Pension age is set to rise from 2026, with the change being gradually introduced over a year's time. At present, both men and women are eligible to claim the State Pension once they reach 66, but from next year, this age will increase to 67. The current State Pension age was established between December 2018 and October 2020, having risen from 65, and now another increase will take place between 2026 and 2028. The age increment to 67 will be implemented in stages and will impact when individuals born between 6th April 1960 and 5th March 1961 can claim their State Pension. As those born within these dates fall into the transition period, it means some will be closer to 66 when they receive their State Pension, while others will be nearly 67 by the time they receive their first payment. Despite the age increase, these individuals will still be able to receive their State Pension at age 66, but they won't be able to get it immediately after their 66th birthday. The phased age increase implies that people will instead reach State Pension age at 66 years and a certain number of months, effectively pushing back their payment, reports the Express. The DWP said: "The Pensions Act 2014 brought the increase in the State Pension age from 66 to 67 forward by 8 years. The State Pension age for men and women will now increase to 67 between 2026 and 2028. "The government also changed the way in which the increase in State Pension age is phased so that rather than reaching State Pension age on a specific date, people born between 6 April 1960 and 5 March 1961 will reach their State Pension age at 66 years and the specified number of months. For people born after 5 April 1969 but before 6 April 1977, under the Pensions Act 2007, State Pension age was already 67." The DWP has set out the following timetable for the increase in State Pension age from 66 to 67, which will take place from 2026 to 2028: Everyone born after April 5, 1977, will get their State Pension at age 67, although a further increase is planned for between 2044 and 2046 which will see the age rise to 68, meaning younger generations face an even longer wait to get their payment. The DWP says the age increases take a "range of factors" into account, including life expectancy, and any changes must go through Parliament before becoming law. While there are no plans to revise the timetable for the age increase from 66 to 67, the timetable for the age increase from 67 to 68 "could change" as a result of review.
Daily Record
12-05-2025
- Politics
- Daily Record
New calls to give State Pension payments ‘immediately' to disabled people over 60
An online petition is calling on the UK Government to change State Pension eligibility rules. A new online petition is urging the UK Government to give older people on disability benefits early access to their State Pension. The State Pension age is currently 66 for both men and women, but is set to rise to 67 between 2026 and 2028. Petition creator George Bolgar has put forward a proposal that every person over 60 with a disability 'who has been unemployed for at least five years should be given the choice to retire and claim the State Pension immediately'. The 'allow elderly disabled people to claim the State Pension early' petition has been posted on the Petitions Parliament website. At 10,000 signatures of support it would be entitled to a written response from the UK Government, at 100,000, it would be considered by the Petitions Committee for debate in Parliament. The petition states: 'We think that any disabled person aged 60 who has been unemployed for at least five years should be given the choice to retire and claim the State Pension immediately. 'We think that keeping people on the Department for Work and Pensions (DWP) unemployment list when there is no chance of them ever becoming employed again is extra work for the DWP and extra stress for the disabled person. 'We think that once someone is above 60 years old and unemployed their likelihood of being employable is extremely reduced.' State Pension age rise The State Pension age is set to start rising from 66 to 67 next year, with the increase due to be completed for all men and women across the UK by 2028. The planned change to the official age of retirement has been in legislation since 2014 with a further rise from 67 to 68 set to be implemented between 2044 and 2046. The Pensions Act 2014 brought the increase in the State Pension age from 66 to 67 forward by eight years. The UK Government also changed the way in which the increase in State Pension age is phased so rather than reaching State Pension age on a specific date, people born between March 6, 1961 and April 5, 1977 will be able to claim the State Pension once they reach 67. It's important to be aware of these upcoming changes now, especially if you have a retirement plan in place. Everyone affected by changes to their State Pension age will receive a letter from the DWP well in advance. Under the Pensions Act 2007 the State Pension age for men and women will increase from 67 to 68 between 2044 and 2046. The Pensions Act 2014 provides for a regular review of the State Pension age, at least once every five years. The review will be based around the idea people should be able to spend a certain proportion of their adult life drawing a State Pension. A review of the planned rise to 68 is due before the end of this decade and had originally been scheduled by the then Conservative government to take place two years after the general election - which would have been 2026. Any review of the State Pension age will take into account life expectancy along with a range of other factors relevant to setting the State Pension age. After the review has reported, the UK Government may then choose to bring forward changes to the State Pension age. However, any proposals would have to go through Parliament before becoming law. Check your State Pension age online Your State Pension age is the earliest age you can start receiving your State Pension. It may be different to the age you can get a workplace or personal pension. Anyone of any age can use the online tool at to check their State Pension age, which can be an essential part of planning your retirement. You can use the State Pension age tool to check: When you will reach State Pension age Your Pension Credit qualifying age When you will be eligible for free bus travel - this is at age 60 in Scotland Check your State Pension age online here.
North Wales Live
11-05-2025
- Business
- North Wales Live
State pension age to increase in 2026 - what you need to know
The State Pension age in the UK is set to increase from 66 to 67 starting next year, with the rise expected to be fully implemented for both genders by 2028. This adjustment to the official retirement age has been part of UK legislation since 2014, and a subsequent increase from 67 to 68 is planned to take place between 2044 and 2046. The Pensions Act of 2014 accelerated the increase of the State Pension age from 66 to 67 by eight years. The UK Government also modified the phasing of the State Pension age increase, meaning that instead of reaching State Pension age on a specific date, individuals born between March 6, 1961, and April 5, 1977 will be eligible to claim the State Pension once they turn 67. It's crucial to keep up-to-date with these upcoming changes, especially if you have a retirement plan in place. All those affected by changes to their State Pension age will receive an advance notification letter from the Department for Work and Pensions (DWP). As per the Pensions Act 2007, the State Pension age for both men and women will see another rise from 67 to 68 between 2044 and 2046. The Pensions Act 2014 mandates a regular review of the State Pension age at least every five years. These reviews will follow the principle that individuals should spend a certain proportion of their adult life receiving a State Pension, reports Wales Online. The UK's state pension age is due for a review before the end of this decade. Originally, the Conservative government had planned this review for two years post the general election, which would have been in 2026. The review will consider factors such as life expectancy when deciding on the State Pension age. Following the review, the UK Government may decide to adjust the State Pension age. However, any proposed changes must be approved by parliament before they can be implemented into law. This is the earliest age at which you can start receiving your State Pension, which may not be the same as the age at which you can access a workplace or personal pension. In terms of increasing State Pension payments, HM Revenue and Customs (HMRC) recently revealed that over 10,000 payments totalling £12.5 million have been made through the new digital service to boost State Pensions since it was launched last year. However, those looking to maximise their retirement income through the contributory benefit only have a few weeks left to fill any gaps in their National Insurance (NI) records dating back to 2006. The duration for making voluntary National Insurance contributions has been significantly increased beyond the usual six-year limit. The past administration extended the period to allow backdated payments from April 6, 2006, to April 5, 2018, and now, under the new State Pension rules, up to April 5, 2025. This gives individuals additional time to assess their situation and contribute further if needed. Those eligible for these top-ups include men born from April 6, 1951, and women from April 6, 1953, which can potentially raise their eventual New State Pension sum. For some people, obtaining National Insurance credits may be a better route than making contributions, so it's important to explore all the options.
