Do you know the State Pension Age for women?



How informed do you feel about the state pension? The reason I ask is because there are lots of women who have only recently found out that their SPA (State Pension Age) has been moved by up to six years. These women were still expecting to receive their state pension at 60.

The increase in the SPA, from 60 to 65 for women, was included in the Pensions Act 1995, to be phased in between 2010 and 2020. But in 2011 the government sped up the changes resulting in the SPA for women increasing to 65 by November 2018. Plans to equalise the pension age for men and women will be followed by another increase to age 66 in October 2020.

There have been lots of complaints made that communication about state pension age changes has been very poor by the government, with many women saying they will suffer a financial loss as a result of having to wait much longer for their state pension. They say there seems to have been a lot of publicity about private pensions and the options of taking early retirement and cashing them in, but virtually nothing re SPA.

The changes to state pension age however are part of a bigger package of new measures, one of which is the new flat-rate state pension of up to £155.65 per week which will be introduced in April this year.