Public retirement SURVEY: Do you think that the legal retirement age should be raised beyond 66? | Personal finance | Finance

0

The government is currently consulting on raising the retirement age as a think tank thinks it should be raised to 75. What do you think? Vote in our poll.

Currently, Britons must wait until they reach the age of 66 to receive their state pension.

For people born after April 5, 1960, there will be a gradual increase until age 67, and eventually until age 68.

The legal retirement age is going to be reviewed, which means that it will change again in the future.

The Center for Social Justice (CSJ) proposes raising the legal retirement age to 70 by 2028 and to 75 by 2035.

READ MORE: ‘Shining of hope’ for premium bondholders thanks to NS&I commitment

The new full state pension is currently £185.15 a week, but the exact amount people receive depends on someone’s National Insurance record.

Some people will also be eligible for pension credit which tops up their state pension.

Reaching legal retirement age also qualifies people for additional support such as a free bus pass.

Pensioners can also get help with housing and heating costs.

What do you think of the increase in the legal retirement age? Do you think the legal retirement age should go beyond 66? Have your say by voting in our poll and leaving a comment below.

Britons can check their legal retirement age using the government’s online tool.

This will also tell them their age of pension credit eligibility and when they will be eligible for free bus travel.

The new full state pension is currently £185.15 a week, but the exact amount people receive depends on someone’s National Insurance record.

Reaching legal retirement age also qualifies people for additional support such as a free bus pass.

Share.

About Author

Comments are closed.