Retirement age

By Tolley in association with Vince Ashall

The following Employment Tax guidance note by Tolley in association with Vince Ashall provides comprehensive and up to date tax information covering:

  • Retirement age
  • Retirement age ― women
  • Retirement age – men and women
  • Retirement age ― NICs
  • Retirement age ― future changes
  • Default retirement age

Retirement age, or more precisely, State Pension Age, for women is a ‘movable feast’. This is the current position, but State Pension Age for men will also become a ‘movable feast’ from 2018.

Retirement age ― women

Since April 2010, the state retirement age for women has been increasing in order to align it with the state pension age for men, currently set at 65. The original intention was that alignment would be completed by March 2020. To achieve the alignment in state pension age, it was originally planned that the pension age for women would increase by one month for every two months that elapse. This only affects women born on or after 6 April 1950.

See Example 1.

The timetable for increasing women’s state pension age to 65 was changed following the decision to increase state pension age for both men and women to 66 (see below). The original timetable now only applies up to March 2016.

From April 2016 the process of alignment at age 65 is accelerated. The timetable can be viewed on the GOV.UK website .

This timetable shows the state pension age dates for women under:

  • the original proposals to increase their state pension age to 65

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