State Pension: When can I draw my State Pension? How to check pension age

We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights.

To claim your State Pension, you normally need to have made at least 10 years of National Insurance contributions. To get the full new State Pension, you need to have made 35 years worth of contributions. takes a look at when you can draw your State Pension, and how to calculate your pension age.

When can I draw my State Pension?

The new State Pension came into effect from April 2016 and applies to men born on or after April 6, 1951, or women born on or after April 6, 1953.

The old rules regarding the State Pension apply if you reached State Pension age before April 6, 2016.

If you want to draw your State Pension, this is only possible if you have reached State Pension age.

A number of changes to the State Pension age are scheduled, so to check your State Pension age its best to use the Government’s dedicated calculator tool HERE. 

If you have a personal pension, when you can draw money from it will depend on your specific scheme’s rules.

Some schemes may allow you to draw a lump sum of up to 25 percent tax-free from your pension pot early.

You might also be able to take your pension early in some circumstances, such as due to ill health or if your life expectancy is less than a year.

What is the State Pension age?

Since April 2010 the State Pension age has been under review.

Controversially, between 2010 and 2018 the State Pension age rose to 65 for women.

The Government argued this put an end to State Pension age inequality between men and women.

WASPI women report difficult finances due to State Pension age rise [REPORT]
State Pension: Labour threaten to scrap triple lock after Boris’ vow [INSIGHT]
State pension: Claimants can backdate payments under these conditions [ANALYSIS]

However, campaign groups such as Women Against State Pension Inequality (WASPI) and Backto60 have argued the way changes were brought in have left many women in difficult financial situations.

WASPI state on their website: “The 1995 Conservative Government’s State Pension Act included plans to increase women’s state pension age from 60 to 65 so that it was the same as men’s.

“WASPI agrees with equalisation but does not agree with the unfair way the changes were implemented.

“Because of the way the increases were brought in, women born in the 1950s (on or after April 6, 1950 to April 5, 1960) 3.8 million women have been hit particularly hard.

“We are angry that we have been treated unfairly and unequally just because of the day we were born.”

In the future, the State Pension age is expected to rise to 66, 67 and eventually 68 for both men and women.

However, the State Pension age is also likely to change again in the future.

By October 2020, the State Pension age will increase to 66.

Source: Read Full Article