“The state pension age is set to rise to 66 for everyone by 2020 and then to 67 by 2028. However, this will be reviewed by the government every 5 years starting from 2016.”
It appears that Tuesday’s article (http://www.british-gazette.co.uk/2015/07/21/death-and-carbon-taxes/) contained an inaccuracy. It stated:
“Upon discovering that I was not going to be adversely affected until the fourth quarter of 2021 – when I will receive the first payment of the State Pension into my bank account – I had a decision to make.”
Clearly the word WILL should be replaced by the word IF.
This is not just a problem that concerns me of course. It concerns all who are like me approaching the age where we are hoping to receive a state pension. I shall be 66 in the fourth quarter of 2021. This means that the government will carry out TWO reviews of the state pension age before then, the first in 2016 and the second in 2021.
In other words, huge numbers of people who were looking forward to receiving a state pension in the not too far distant future will be told that that particular future has been moved further away.
So Dear Reader of a certain age, you might ask: When can I expect to receive my pension?
To which the only certain answer is: “When your bank confirms that it has been paid in to your account!”
But then haven’t we been a little foolish?
Can we honestly trust these folk?