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Liverpool Echo
Liverpool Echo
Business
Linda Howard & Gemma Jones

DWP benefits that will be cut when people reach State Pension age

State Pension benefits are currently under review by the Department of Work and Pensions (DWP) and the government.

More than 12.5 million people across the UK are currently in receipt of State Pension benefits. This 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.

But now, two further increases have been set out in legislation and 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, reported the Daily Record.

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