Women turning 60 and claiming their basic state pension before April 6th stand to lose up to £20,000 of retirement income, compared to women turning 60 later this year. New rules that will apply after 6th April significantly relax the requirements to receive the full basic state pension for women.
Posts Tagged ‘Basic State Pension’
State Pension changes penalise women
Friday, March 5th, 2010Basic State Pension no longer meets needs
Wednesday, March 3rd, 2010Are you one of the 27% of people soon to retire, who will rely on the basic state pension as their main means of support? If so, then you could be receiving basic state pension benefits that currently stand at less than £5,000 a year.
Pensions planning shows first cracks as many feel the pinch
Monday, February 1st, 2010The pensions ‘ice age’ has begun, with many of those approaching retirement realising that their pensions planning will not sustain the lifestyle they had hoped for. As a result, a quarter of men and 64% of women are planning to work beyond the state pension age, most of them listing financial necessity as the reason, according to the Equality and Human Rights Commission (EHRC)*.
Still counting on ‘Nanny State’ for a generous state pension? Think again…
Thursday, January 28th, 2010Latest facts released by the pensions industry are revealing some worrying trends with regard to our levels of pension saving … or not saving.
Govt to scrap compulsory retirement age as 30% of pensioners live in poverty
Tuesday, January 12th, 2010
The government is to scrap the compulsory retirement age of 65, allowing employees to seek the agreement of their employer to work into their 70s.
Widespread apathy hits women’s pensions – Scottish Widows
Friday, January 8th, 2010
Neglecting our pension and retirement planning appears to be an almost universal fault these days, but women’s pensions are more likely to be ignored than men’s, according to new facts from Scottish Widows.
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