Property News · January 9, 2016

Women’s state pension age rise: an unfair burden or a necessary reform?


Anger is growing at the current rules over the age women can claim their state pensions – MPs Mhairi Black and Shailesh Vara argue for and against changeIf there are any female Guardian Money readers born on 5 March 1953, then congratulations (or commiserations): you officially reached state pension age on Wednesday 6 January, and can start claiming your basic state pension of up to £115.95 a week.But if you are a woman born exactly one year later, on 5 March 1954, then you won’t hit state pension age until July 2019 – ie, not for another three-and-a-half years. By that time the woman born in 1953 will arguably be in a much stronger financial position because she will have received well in excess of £20,000 of basic state pension (assuming she is entitled to the full amount), purely because she happened to arrive in the world 12 months before you did. Continue reading…

Source : theguardian.com
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