At what age can we take our state pension out.? I am a bit confused about this. Someone told me we could take it out early. Maybe you guys know about this?
At what age can we take our state pension out.? I am a bit confused about this. Someone told me we could take it out early. Maybe you guys know about this?
Hi Andy
Although there is a possibility that an occupational pension could be taken out early depending on circumstances, I don't believe that the same can be said of the state pension. The state pensionable date is determined by your date of birth. See the calculator in the attached link to work out the date you will qualify for your state pension:-
http://www.direct.gov.uk/en/Pensions...ion/DG_4017919
Thats what I thought thanks.
i have heard that the state pension cannot be taken out till you come off retirement age but as rosie1958 says a private pension can, i have read somewhere that under differnat circumtamces ie, you ar going to die with in 6 months then you can get at your pension,dont hold me to it though
i ant wait to leave, and i will not wait until i can claim my pension, that is hy i am saving hard now so i can have time to enjoy what is left of this life, just my thoght
It appears that State Pension age is not the same as retirement age. Retirement age is when you choose to retire, but you can still work after State Pension age.Originally Posted by stevewool
When you reach State Pension age, you can:
• Stop working and get your State Pension
• Carry on working and get your State Pension as well
• Carry on working and put off claiming your State Pension
If you put off claiming your State Pension, you may be able to get extra State Pension or lump-sum payment when you do claim it.
If you go on working after State Pension age, you don't have to carry on paying National Insurance contributions.
when many come to the age of state pension or retiremnet age we wont be fit enough to do anything , just wait for the grim reaper, the worl load is getting harder and stress is getting higher in most jobs
Erm ....... I certainly intend to be enjoying myself and living life to the full when I retire, I'm not ready to roll over and play dead yet
People are living much longer these days, which is one of the problems affecting the pension pot at the moment.
try working for where i work cut backs, but more work coming in, i am sure hes trying to kill us, andyes i dont intend to roll over, the only roll over i will be doing is to get the other side nice and tanned
Retirement age is being pushed further and further away from us.
I think I missed out by a few months on getting on to the 60 bus pass and 65 retirement band-wagon.
Ok for some....many of whom have hardly worked a day in their lives or have been career criminals.
It's always been ridiculous that men who on average have lives 5 or 6 years shorter than women should have to work 5 years longer.
Well it's doesn't make happy reading but since you asked ..........
For men born before 6 December 1953, the current State Pension age is 65.
For women born after 5 April 1950 but before 6 December 1953, their State Pension age is between 60 and 65.
Women’s State Pension age will increase to 65 between April 2016 and November 2018.
From December 2018 the State Pension age for both men and women will start to increase to reach 66 in October 2020.
These changes affect you if you're a woman born on or after 6 April 1953
or
a man born on or after 6 December 1953
The current law already provides for the State Pension age to increase to 67 between 2034 and 2036 and to 68 between 2044 and 2046
The government has recently announced (on 29 November 2011) that State Pension age should increase to 67 between 2026 and 2028.
But this has not yet passed into law and still needs parliamentary approval.
It's a sure fire thing that State Pension age will continue to increase in line with with increases in life expectancy.
As it stands right now your eligibility for payments is dependant upon the numbers of years you have paid the required NI contributions.
For a full pension it's 30 years, anything less and the pension payment decreases. Of course.
Oh and by the way, don't expect to be able to live in the UK on just a state pension.
Andy, your still lucky if you're a member of the NHS pension.
arnt we lucky to have wives from a beautiful place, somewhere were our £s may go further then here, bring it on
Really?... I've always been under the impression that entitlement to a full State Pension required a minimum of 40 years' worth of contributions.
I was born Sept 1951, so looks like I'll be getting my pension at 65 then.
I can't believe I'm writing this actually. I can't be THAT old already !
i got my letter from them just last week my retirment pension dates , already wow thats well in advance,
they stated my dob and at 65 is my retirement age, which is a febuary, but pension will not be payable untill june of the same year i retire, seems a long way off yet
i agree with Terpe it is 30 yrs contributions to be able to claim full pension, i looked into it last year
... I'm 671/2 now - so they can strike ME off their list by any of those dates.
save hard my friends, thats all you will have, if you have your own house that helps too
only got another 16 yrs to wait i dont think am waiting around that long i will have a nice tan and be speaking tagalog lol with my wife am not waiting to get
gone before then if all goes to plan,
13 years for me. What puzzles me is like others on here I have already paid my 30 years contribution.
SO WHERE IS MY MONEY?
way things are going the gov will have spent it, or gone bankrupt before its time for you to get itonly got another 16 yrs to wait i dont think am waiting around that long i will have a nice tan and be speaking tagalog lol with my wife am not waiting to get
god question andy, let me know if you get a answer
That's strange...?
You were signing for 'credits'...National Insurance Credits. (Stamps to you and me) to keep your pension up to full rate.
I used to work at the Dept of Employment, so know these miscellaneous facts.
i dont know if there had been any change to the amount of years, its possible at some time it was
more than 30 yrs,
the letter they sent me which shows that,,, when i reach my 65th birthday, which is a febuary,, i can retire,,,
but my pension will not start untill june that year , so retirement age itself is not the actual entitlement to pension, it is the date they calculate when you start to recieve it,
, Andy ... perhaps I ought to be asking the same question?
20 yrs for me
I have worked ever since i left school only to be told sorry you know will have to wait until you are 67 to collect your pension....What a shower ofS**T this country has become
AN HAPPY WIFE IS A HAPPY LIFE
im not sure if i will get this the right way round, but a few year ago didnt i hear something about, who pays and who gets,,
i think what it is, its the shortfall, so what you pay in you dont get, those now recieving pension are being paid with the money you have paid in, not what they paid in,
now im not 100% sure of that as a fact, but id swear something on that line was how they said it is
Retired before 6/4/2010 ? Need 44 years contributions (women 39).
Retire after 6/4/10 ? Need 30 years (both men and women).
It's all here guys:
http://www.direct.gov.uk/en/MoneyTax...ngup/DG_190077
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