Very Confused Over Pension Date Info

[koiman]

I've looked at the state pension info on the internet and I still cant work out the following.

When can a man born June 20th 1956 draw full state pension ?
When can a woman born March 6th 1956 draw full state pension ?
and....
If they are married does that effect the payments?

[jno]

looks like 65 for both

http://www.thepensionstrust.org.uk/NR/rdonlyres/768FF6BE-EBFE-4155-8E02-28BFE7E7DE21/0/WhencanIgetmyStatePensionFINALVERSION.pdf

[koiman]

That info does not cover the date above.
For women it goes to Born BEFORE April 1955 (she wasn't)
It does not mention men or the marriage effect

[Mamyalynne]

The SPA for women born after
5 April 1955 will be 65.

[LoftyLottie]

She will get a pension in her own right if she has been paying NI contributions for the right amount of time. You will get individual pensions which are not affected by your marriage.

This should give you info as to what age you both can retire.

http://www.pensionsadvisoryservice.org.uk/state-pensions/state-pension-age-calculator

[buildersmate]

Sorry jno, that's not right - it is 66 for both. You've used an out of date document.

The better place to check this is here:
https://www.gov.uk/calculate-state-pension

Koiman, I'm afraid you are both caught by the uplift to 66.

[boxtops]

Koiman, I applied through the pensions website for a forecast - that way, I got a personalised statement which was specific about the date.

[Mamyalynne]

Male using those dates


You'll reach State Pension age on 20 June 2022.

[buildersmate]

......... which is 66. QED

[Mamyalynne]

Female using those dates
You'll reach State Pension age on 6 March 2022.

[Mamyalynne]

Tis yes.

[LoftyLottie]

Sorry, should have posted this

https://www.gov.uk/calculate-state-pension

[LoftyLottie]

Sorry Builder's mate!! You had already posted that link.

[Ann]

I'm also confused about the new minimum pension of £140+ being introduced in a few years time. Does that mean current pensioners will stay on the lower rate (think its currently about £107) if so, that is hardly fair is it - the ones who will qualify for the higher rate don't have to accrue as many years NI credits either ......... I had 41 years.

[LoftyLottie]

Ann, I think we are all totally confused by this!! However, I think it will all change before 2017!! So I am not losing any sleep over itat the moment. They will have to iron out a lot of things before it happens.

[Ann]

Yes its all waffle isn't it? Trying to get youngsters votes no doubt ;))

[buildersmate]

Ann
Accurate info on the detail of that is hard to get. Rest assured, I am watching like a hawk for it.
The issue is that one needs 35 qualifying years of NI contributions (or credits or Home Responsibility credits). So you get more, provided you've put in more.
Those on low income continue to get the top-ups.

The big problem for me with all of this is that for those FEMALES who have neatly calculated that they 30 years and retired but have not reached State Pension Age, they haven't now got enough years (by 2017) to accrue another 5 years of qualifying years. MEN seem to get NI credits once over 60.

It's all a bit muddling.

[LoftyLottie]

In principal it's a good thing. In reality, I can't see it being any cheaper to administer and also youngsters won't be any better off. It's not just us that are already on pensions that will be adversely affected. I am not clever enough to understand all the ins and outs, but from what I gather most pensioners, current and otherwise will in the long term be worse off.

Bloody government.

[LoftyLottie]

We will rely on you, Buildersmate, to keep us fully informed. If anyone can come to grips with it, you will!!

[Ann]

I am annoyed that the ones who opted to pay the lower NI stamp for many years now will get the same pension, so they are being very smug!

[LoftyLottie]

I feel the same. Let's just wait and see. There will be a lot of problems if that happens. As buildersmate says it is impossible to get full information at the moment - probably because they haven't worked it all out properly. The new pension would be more than my state pension, plus SERPS, plus my 2nd State Pension and paying full stamps all my working life!! There will always be winners and losers, but I don't see how they can possibly make older pensioners worse off than those who retire from 2017, especially if they are cutting benefits out of the equation.