You are here: Home - Uncategorized -

Retirement age to increase

0
Written by:
26/05/2006

Working people in their early 40s will have to wait until they are 66 years old to draw their State pension until they are 66, while 20-somethings will be 68 before they qualify, under Government plans published yesterday.

In a White Paper entitled “work longer, save more”, the Government stated it would begin to increase the State pension age from 65 to 66 in 2024, rising to 68 from 2044.

Millions of young workers will receive only £3 a week more (in today’s terms) from the state for working until 68.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Enron bosses face life sentences

The former Enron bosses Kenneth Lay and Jeffrey Skilling were yesterday convicted for fraud. Both men now face the prospect...

Close