what age is state pension?
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The State Pension ages have been undergoing radical changes since April 2010. The changes will see the State pension age rise to 65 for women between 2010 and 2018, and then to 66, 67 and 68 for both men and women.
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Here are a few examples: A woman born on 1 January 1953 will reach state pension age at 62 years, 8 months and 5 days (i.e. on 6 September 2015) A man born on 1 January 1954 will reach state pension age at 65 years, 2 months and 5 days (i.e. on 6 March 2019) From 2020 onwards, everyone will get it from the age of 66.
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This group of people had to wait up to three months beyond their 65th birthday to receive the state pension on 6 March 2019. The next cohort with birthdays between 6 January 1954 and 5 February 1954 will then have a state pension age between 65 and three months and 65 and four months.
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Retirement Age – Born in 1976 So for those born in 1976, the government has just announced changes that mean instead of you being able to draw your State pension at age 67 as you could before, you will now only be able to draw it at age 68.
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What is the official retirement age in Ireland? ... If relying on the State pension, a person must be 66 years of age in order to qualify. However, the age of retirement is set to increase over the next few decades. By 2021 the retirement age will be 67 and by 2028 it will be 68 years of age.
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It was already known that those born in 1971 will be eligible to retire and access the state pension from the age of 67 onwards. What is also now clear is that these individuals will be unable to access private pension funds until the age of 57 (up from 55).
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It used to be 60 for a woman and 65 for a man, but is currently 65 years and 7 months for both men and women, rising to 66 in 2020 and 67 by 2028. You can check your own State Pension age here. Some powers over benefits are being devolved to Scotland; see the guide below or visit the Scottish Government website.
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Retirement Age – Born in 1975 For those people who were born in 1975, it has just been announced that your State pension age will be 68.
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Changes to the State Pension age The changes will see the State pension age rise to 65 for women between 2010 and 2018, and then to 66, 67 and 68 for both men and women. There are plans to change State Pension ages further.
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The social security pension age for people born in 1966 is 67 years.
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Currently, the Government Age Pension is available from 66 years, but this age is set to rise progressively to 67 years by 1 July 2023. See how the Age Pension works and what the eligibility requirements are.
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Key points. Generally, the minimum pension age is 55. Scheme rules vary though, so some members could take benefits at different ages. Aside from ill health, the two situations allowing members under 55 to take benefits are special occupations and unqualified contractual early retirement rights.
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The State Pension ages have been undergoing radical changes since April 2010. The changes will see the State pension age rise to 65 for women between 2010 and 2018, and then to 66, 67 and 68 for both men and women. There are plans to change State Pension ages further.
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Generally, to be eligible for the Age Pension, you must: be age 66 or over, depending on when you were born. be an Australian resident and have lived in Australia for at least 10 years.
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To be eligible for Age Pension you must be 66 or older.
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To receive the full UK state pension an individual needs 35 years of qualifying contributions (see our earlier blog). If you have less than 35 years and more than 10 (which is the minimum required to qualify for anything) then you will receive a pension proportional to the number of years you paid in.
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From March 2019, the State pension in Ireland for a person aged 66 or over is €248.30 per week.