State pension: Rishi Sunak urged to lower age to 60 to ‘free up jobs for young people’ | Personal Finance | Finance

The age at which people become entitled to the state pension has often been a topic of controversy.

Previously, state pension age stood at 60 for women and 65 for men.

However, following changes to ensure gender parity, the state pension age was set at 65.

Subsequently, the state pension has been undergoing gradual increases, meaning eligibility age has become further off.

Now at 66, the state pension age is set to rise even further in the future, meaning Britons will have to wait longer to receive their sum.

The increase to state pension age, the Government has explained, is a result of rising life expectancy.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

+ 26 = 27