{"id":4050,"date":"2018-11-06T05:31:10","date_gmt":"2018-11-06T05:31:10","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/landmark-day-for-state-pension-equality\/"},"modified":"2018-11-06T05:31:10","modified_gmt":"2018-11-06T05:31:10","slug":"landmark-day-for-state-pension-equality","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/landmark-day-for-state-pension-equality\/","title":{"rendered":"Landmark day for State Pension equality"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"group of men and women\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/A5BC\/production\/_104182424_gettyimages-622192548.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">From Tuesday women in the UK will begin to qualify for their State Pensions at the same age as men &#8211; currently 65.<\/p>\n<p>The move to equalise male and female pension ages began 25 years ago, under John Major&#8217;s government, and has been gradually phased in.<\/p>\n<p>Women who are 65 on 6 November will therefore be the first to wait for as long as men.<\/p>\n<p>But critics say that women are still a long way from pension equality, as the amount they typically receive is lower.<\/p>\n<p>For more than sixty years &#8211; up until 2010 &#8211; women received their pensions at the age of 60.  But that has been rising ever since.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-40658774\" class=\"story-body__link\">State Pension age to rise to 68<\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/election-2017-40014575\" class=\"story-body__link\">Reality Check: The fight over women&#8217;s State Pensions<\/a><\/li>\n<\/ul>\n<p>From now on, men and women will see their State Pension ages go up in tandem &#8211; increasing to 66 by October 2020, and 67 by 2028.<\/p>\n<p>The government has also accepted the findings of the <a href=\"https:\/\/www.gov.uk\/government\/publications\/state-pension-age-independent-review-final-report\" class=\"story-body__link-external\">Cridland review<\/a>, which recommended that the pension age should rise further &#8211; to 68 &#8211; by 2039.<\/p>\n<h2 class=\"story-body__crosshead\">Longevity<\/h2>\n<p>The move to increase the State Pension age is the result of increasing longevity.<\/p>\n<p>A girl born in 1951 had a life expectancy of 82 years. A girl born today can expect to reach the age of 93.<\/p>\n<p>Over the same period boys&#8217; life expectancy has increased from 77 years to 90.<\/p>\n<hr class=\"story-body__line\"\/>\n<h2 class=\"story-body__crosshead\">When will I get my pension?<\/h2>\n<figure class=\"media-landscape no-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                 <span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p><a href=\"https:\/\/www.gov.uk\/check-state-pension\" class=\"story-body__link-external\">State pension calculator &#8211; check your age and entitlement<\/a><\/p>\n<hr class=\"story-body__line\"\/>\n<p>Successive governments have accepted that unless the qualifying age went up, the State Pension would become unaffordable.<\/p>\n<p>The changes have therefore saved the Treasury at least \u00a330bn.<\/p>\n<p>&#8220;No one wants to be told they have to work longer into their 60s &#8211; or even their 70s &#8211; before they&#8217;ll get their State Pension, but that is the inevitable consequence of rising longevity,&#8221; said Nathan Long, senior pensions analyst with Hargreaves Lansdown.<\/p>\n<h2 class=\"story-body__crosshead\">Discrimination<\/h2>\n<p>Others have warned that even though their State Pension ages may now be the same, men and women are still far from equal when it comes to pensions.<\/p>\n<p>Figures show that in 2017 the average women&#8217;s State Pension was worth \u00a3126 a week, compared to the average man&#8217;s at \u00a3154.<\/p>\n<figure class=\"media-landscape no-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                 <span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p>That is largely because women tend to work in more lowly-paid and part-time jobs, so paying less in National Insurance Contributions.<\/p>\n<p>Some who take time off work to have a family fail to claim <a href=\"https:\/\/www.gov.uk\/national-insurance-credits\" class=\"story-body__link-external\">National Insurance Credits<\/a>.<\/p>\n<p>Former pensions minister Ros Altmann said women lose out on workplace and private pensions as well.<\/p>\n<p>Many with part-time jobs miss out on auto-enrolment pensions, for example, as they don&#8217;t earn enough to qualify.<\/p>\n<p>&#8220;Women in their 50s and older have lost out most, but younger women face penalties too, as all pensions &#8211; State, Workplace and Private pensions &#8211; discriminate against women,&#8221; she said.<\/p>\n<p>&#8220;Some of the inequalities date back many decades, but others are new problems created by recent legislation.&#8221;<\/p>\n<hr class=\"story-body__line\"\/>\n<p><a href=\"https:\/\/www.gov.uk\/government\/publications\/state-pension-age-timetable\/state-pension-age-timetable\" class=\"story-body__link-external\">Full timetable of pension age changes<\/a><\/p>\n<hr class=\"story-body__line\"\/>\n<p>Women Against State Pension Age Inequality (WASPI) said they would continue their campaign to win compensation for those who were unaware that their State Pension age was going to rise.<\/p>\n<p>&#8220;Equalisation is not just about the age you reach retirement, but also your ability to generate a full State Pension entitlement, and pay into a private pension, to have any hope of security in retirement,&#8221; said Debbie de Spon, a spokesperson for WASPI.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46101343\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images From Tuesday women in the UK will begin to qualify for their State Pensions at the same age as men &#8211; currently 65. The move to equalise male and female pension ages began 25 years ago, under John Major&#8217;s government, and has been gradually phased in. Women who are 65 on &hellip; <\/p>\n","protected":false},"author":0,"featured_media":4051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=4050"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/4051"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=4050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=4050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=4050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}