Women hitting state pension age before April 2016 can get 20% boost if they defer

clock

By combining Budget reforms with existing rules which reward savers who delay taking their State pension, eligible women can boost their payout by up to tens of thousands of pounds over a lifetime.

The route will benefit most those women with small workplace pension pots due to hit state pension age before April 2016, and allow them to increase their retirement income by 20%, the Daily Mail r...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

PLSA sets out key policy priorities with work planned on adequacy, consolidation and investment

PLSA sets out key policy priorities with work planned on adequacy, consolidation and investment

Trade body says 2025 is likely to be a ‘watershed’ year for the industry

Martin Richmond
clock 08 April 2025 • 3 min read
Raft of pension policy proposals could 'unlock' billions for UK economy

Raft of pension policy proposals could 'unlock' billions for UK economy

Hymans paper says reforms to pensions policy could provide Treasury with £28.5bn a year

Martin Richmond
clock 08 April 2025 • 4 min read
Buzz: Should pension savers be able to access funds early to help purchase a house?

Buzz: Should pension savers be able to access funds early to help purchase a house?

Early access to pensions to purchase a house, TPR extension of oversight and Trump tariffs

Professional Pensions
clock 07 April 2025 • 1 min read
Trustpilot