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State Pensions - Pension Entitlement

New pension age parameters have been set for the entitlement of state pensions.

Age 5 April 2006 Eligible for State Pension from
46 between 65th and 66th birthday
38 - 45 66th birthday
37 between 66th and 67th birthday
29 - 36 67th birthday
28 between 67th and 68th birthday
27 or younger 68th birthday

 Source: Department for Work and Pensions

Private Pension - Pensions White Paper

Released in May 2006, the Pensions White Paper ‘Security in Retirement: towards a new pensions system’ looked at improving the current pension situation by:

1. Encouraging and enabling private pension saving
2. Strengthening existing pension provisions
3. Providing a foundation for private saving
4. Extending work life in an ageing society
5. Consultation arrangements for pensions

Pension News

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