When Can I draw my State Pension?

Posted on: August 24th, 2017
Categories: Financial Advice, Financial Guides, Financial News, Life Planning, Lifestyle Financial Planning, MRA App, MRA TV Lifestyle Financial Planning, Retirement Planning, Savings and Investments, Truth about Money

With the equalisation of state pension age, numerous women are asking, when can I draw my state pension?  Most thought they would be able to claim it when they reached their 60th Birthday.  How wrong they were!

Since the government had the bright idea to implement significant changes to the state pension age (SPA), many women feel cheated and let down.

Instead of being able to retire on your 60th birthday, the delay in receiving your income for life is anything from a day to 8 years later.  This is leaving women and spouses feeling short changed and neglected by the state.

It’s all well and good  saying “I want answers and an explanation of why there has been so little information” and even more so, “why have I been given such short notice?”

Where do you get responses from, firstly,  the politicians?  Individuals such as  David Gauke, the Secretary of State for Work and Pensions, or the Shadow Secretary, Debbie Abrahams, might have the correct answers for you? The modest reply to this appears to be, no they don’t!

The government seems to have buried their head in the sand and simply aren’t listening to the women lobbying parliament for support of any kind. You can see them now, putting their hands over their ears, closing their eyes and saying, “I’m not listening” while shaking their head from side to side.

Even though this campaign is an uphill struggle, taking up this challenge and lobbying against these unfair pension changes are the action groups; Women Against State Pension Inequality, (WASPI) and the split faction, WASPI Voice.

Anne Keen, a WASPI founder, was caught herself by the short notice given to older women.  She has said the campaign would continue to fight for a fairer outcome and to offer the financial support for women affected.

Why not help to give your support as both of these campaigns are raising funds via CrowdJustice to assist in the legal challenge and are still looking for both members of all ages, volunteers and donations.

Further more, you can contribute to giving financial support to women affected by the state pension injustice by helping women caught by the retirement trap with the WASPI voice SOS “Save Our Sisters” campaign.

So how do you go about bridging the pension gap until you reach your new SPA when you can finally start enjoying your retirement and drawing your pension.

You might have to continue working until you can draw your state pension. However, one of the first things you can do is get a forecast by phone, online or by post by completing a BR19 form.

You may well have other pensions such as a Personal, Employer, Defined Benefit, Money Purchase, Self Invested Personal Pension (SIPP), along with savings.

If you’re anything like most everyday people; having documentation, statements, policies and paperwork in various cupboards, draws, folders and bags, you need to get your house in order.  Assemble your information, then book an appointment with a regulated Lifestyle Financial Planner.

Usually, they will offer you a one-hour complimentary consultation with no obligations.  At the meeting, you can decide how you want to move forward; whether you’re looking for total peace of mind or direction that your financial affairs are going to be looked after.

Maybe you’ve heard friends and family talking about frozen pension plans, and you’re asking yourself what is a frozen pension and do I have one? Or if you have a lost pension the contact details for old pensions are at the pension tracing service.

Seeking Lifestyle Financial Planning advice will help you ensure you have the correct answers to know what your financial options are for the future.

Mike Robertson Associates Limited, based in Battle, East Sussex are Lifestyle Financial Planners.

A Lifestyle Financial Planner will:

  1. Help you focus on actual values and motivations in your life;
  2. Determine your goals and objectives as they see your lives develop; and
  3. Using your values, motivations, goals and objectives to guide the planning process and provide a framework for making choices and decisions in life that have financial and non-financial implications or consequences.

We service clients in, Bexhill, Hastings, Rye, Lewes, Crowborough, Uckfield, Seaford, Newhaven, Brighton, Tonbridge, Sevenoaks and Tunbridge Wells.


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Mike Robertson Associates Ltd is located in Battle, East Sussex, near Hastings, Bexhill and Eastbourne