Current Retirement Ages

[Kazal]

At what age can both men and women retire and receive a state pension.

[Mamyalynne]

Calculator on here.

https://www.gov.uk/retirement-age

[Kazal]

Thanks Mamyalynne, but I was just wondering what the age is currently, I don't have an age in mind to enter for a calculation

[Mamyalynne]

I don't think there is a magic age any more.


https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/310231/spa-timetable.pdf

[Buenchico]

Men currently reach State Pension Age at 65.

The age at which women receive their State Pension is in the process of rising gradually from 60 to 65.

Then the State Pension Age for both men and women will again continue to rise until reaching 66. (Later on, over a two year period, it will then rise again to 67. Further ahead, it will rise over another two year period, to 68).

As an example, I was born on 20/04/53 and I'm male. I'll get my State Pension at 65 years (because I'll beat the introduction of the gradual rise to 66). However a woman born on the same day as me will get her State Pension when she's 63 years, 2 months and 16 days old (because she falls part way through the transition between 60 and 65 years).

The calculator here simplifies it greatly!
https://www.gov.uk/calculate-state-pension

[Buenchico]

As Mamyalynne indicates, there's no 'magic age' for women at the moment. A woman reaching State Pension Age at the end of this year will be older than another woman was when she reached State Pension Age at the start of this year.

[jennyjoan]

very complicated. Tried to explain to my sister - but got lost for words - the state pension calculator is the bestest you can get. unfortunately.

[Mamyalynne]

True, it is - that's why I sent my first link.

[Kazal]

Many thanks all. I am already retired and every now and then I say to my OH I wonder when so and so is going to retire etc. so I was just being nosey or in other words just wanted to know but didn't realise it was that complicated

[jennyjoan]

very complicated - sorry for repeat

[fiction-factory]

And to make it more complicated you can agree to defer your pension in return for a higher pension later

[Old_Geezer]

It's a bit of a moving target at present isn't it. For those retiring now it's the age they are. For those retiring in the future the state pension eligibility year is moving away. I feel sure I will find mine moves away one year for each year I try to approach it. It's all down to uncaring politicians who don't wish to treat the folk they represent fairly; but why would they change that tradition ?

[RATTER15]

Well I certainly hope I will be working until well after I'm 65 but who knows!

[mikey4444]

Just a small point to add to all the other very useful posts.....you don't have to retire to receive your Old Age Pension !