Thousands of women face a major re-think of their retirement plans after a warning many remain in the dark about forthcoming changes to their state pension.
The Pensions Advisory Service (TPAS) says callers to its women's helpline - which has been running for almost a year - have not fully grasped changes to women's pension ages, the reduction in the number of qualifying years needed for a full basic state pension, and improved ability to pay voluntary National Insurance contributions. Between 2010 and 2020, state pension age for women will increase progressively from 60 to 65 to bring it in line with men's. The staged increases will apply to women born between April 6, 1950 and April 5, 1955. Many of the callers were unaware their state pe...
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