If you are coming up to retirement age, then you may be thinking about getting your finances in order and working out how much you'll receive in pension and other payments. But did you know that there are certain Department for Work and Pensions (DWP) payments that stop when you reach State Pension age?
State Pension age is the earliest age you can start receiving your State Pension. This may be different to the age you can get a workplace or personal pension.
A forced retirement at 65 no longer exists, in fact, the age at which people can retire and receive the State Pension continues to change. The regular payment of up to £185.15 per week for the full, new State Pension or £141.85 per week for the basic old State Pension (Category A or B) is available for those who have reached the UK Government’s eligible retirement age, which increased to 66 for both men and women in October 2020. There are two further increases to the qualifying age which have been set out in legislation and are currently under review for a gradual rise to 67 for those born on or after April 1960 and a gradual rise to 68 between 2044 and 2046 for those born on or after April 1977.
