Hike in state pension age means 1 in 10 people | U.Ok.(*10*) News
The Insitute for Fiscal Studies (IFS) mentioned its analysis had found that giant numbers of people nearing retirement didn’t know when their state pension age was.IFS informed the Financial Times publication FTAdviser it was involved with the findings as a result of in a 12 months’s time the state pension will increase in month-to-month increments from 66 to 67 for anybody born after April 6 1960, whereas these born after March 6 1961 may have a state pension age of 67.IFS surveyed three teams, these whose pension age was 66, these whose age was between 66 and 67 and people whose pension age was 67. IFS mentioned 60% of the full had been precisely in a position to say when their state pension age was, whereas 18% believed it was larger than it was. Of concern, mentioned IFS was the 11% who didn’t know their state pension age in any respect and the 11% who underestimated it.“In complete, 16% of this age group both underestimated or didn’t know their pension age, whereas that is a minority of the group of people whose state pension age is between 66 and 67, this interprets to round 130,000 people.(*1*)
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