My birthday is in October and I am approaching my 67th birthday in 2027.
On my Government Gateway page it is written that I can claim my state pension in May 2028.
I don’t understand why I have to wait till next May to get my state pension.
Retirement plan: Why should I wait for seven more months after turning 66 to get state pension?
To rub more salt into the wound, my husband’s birthday is the same, but he is two years older.
His government gateway page states that he can claim his state pension in October 2024, he need not wait till next May.
Can you please explain in simple terms why I have to wait for an additional seven months. It seems so unfair.
Scroll down to find out How to Ask Steve Yours pension question
Steve Webb replies: Your question is an important reminder that the rise in the state pension age over the past decade has not ended.
Under the timetable currently stipulated in the law, the state pension age will increase from the current 66 (for both men and women) to 67 by April 2028 and 68 by April 2046.
Steve Webb: How to Ask Former Pensions Minister Questions About Your Retirement Savings Check Out the Box Below
However, the government is soon going to do another review of the state pension age and the move to 68 is very likely to be taken forward.
A timetable of 69 may also be on the cards for young workers.
Turning to your particular situation, you are stuck in a two-year ‘window’ during which the pension age gradually increases from 66 to 67.
This process starts in April 2026 and ends in April 2028.
The pension age during this period will not be an exact number of years but will be 66 years and a number of months.
For example, halfway through this period – in April 2027 – the state pension age will be 66 years and six months.
The reason for this phased approach is to avoid overnight change, where a person born one minute before midnight on a day gets pension at 66 and a person born one minute after midnight has to wait till he turns 67. .
In your case, you were born in October 1960, so you reached 66 in October 2026. But, as mentioned above, by this point the pension age will no longer be exactly 66, so you’ll have to wait longer.
The exact stage of state pension increase is shown in the table below which comes from the Pension Act 2014.
As you will see from the table, people born in late October 1960 have a pension age of 66 years and seven months which is consistent with the information you found from gov.uk.
In respect of your husband, since he is two years older than you, he reaches 66 before the next increase in the state pension age is applied, so he can get pension on his 66th birthday.
There are two major advice I would give to anyone with regards to the state pension age:
1. Check Your State Pension Age As It Is Currently – You Can Here.
2. Remember that governments can – and do – raise the state pension age, so it’s worth keeping an eye out for announcements of changes.
The government has said that its policy is now to give at least 10 years’ notice, so in theory once you are within 10 years of your expected pension age you should not see any further increase.
But still, there’s no harm in keeping an eye out for last minute changes.
Ask Steve Webb Pension Questions
Former Pensions Minister Steve Webb is This Is Money’s Agony Uncle.
He’s ready to answer your questions, whether you’re still saving, in the process of stopping work, or messing with your finances in retirement.
Steve left the Department of Work and Pensions after the May 2015 election. He is now a partner in the actuary and consulting firm Lane Clark & Peacock.
If you have any questions to ask Steve about his pension, please email him at [email protected]
Steve will do his best to respond to your message in an upcoming column, but he won’t be able to reply to all or communicate privately with readers. Nothing in their answers is regulated financial advice. Published questions are sometimes edited for brevity or other reasons.
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If Steve is unable to answer your question, you can also contact the Pension Advisory Service, a government-backed organization that provides free help to the public. TPAs can be found Here And its number is 0800 011 3797.
SteveReceives a number of questions about E State Pension Forecast and COPE – Contracted Out Pension Equivalent. If you’re writing to Steve on this topic, he answers a specific reader question. Here. This includes several of Steve’s earlier columns about the state pension forecast and contract, which may be helpful.