State Pension currently provides essential financial support for 12.6million older people across the country, including more than one million retirees living in Scotland. This regular payment is available for those who have reached the UK Government’s eligible retirement age, which is now 66 for both men and women, and have paid at least 10 years of National Insurance contributions.
However, many people approaching the official age of retirement this year, and eligible to start claiming State Pension from the Department for Work and Pensions (DWP), or those approaching 55 and keen to start withdrawing from a personal or workplace pension, may not be aware of a handy checklist produced by the Citizens Advice network to help navigate the unchartered territory of the road to retirement.
The nine-point checklist is a good place to start if you’re nearing the end of your working life and not sure what financial support is available in later life to help you enjoy retirement to its fullest.
