_ 1 Stop Independent Stakeholder Pensions Advice _ Pensions for Women

Published / Last Updated on 26/10/2006

Pensions For Women Stakeholder Cafe.com Quick Links:   Quotations   Compare & Buy Pensions   Get Help or Advice Retirement Age Changes for Women There are millions of women who are not aware yet but they are affected by changes in the State Pensions Age.   Group A - If you are a woman born before 6th April 1950 your State Pension Age remains at 60.  Group B - If you were born after 6th March 1955 your State Pension Age is now 65.   Group C - If you were born between these dates your State Pension Age is on a sliding scale between 60 and 65.  Result - you may have to work longer before you can retire or save now on your own behalf to ensure that you can retire when you planned to.  Why not try our Female State Pension Age Calculator? Reduced State Benefits for Women? Your state pension rights may also be affected when or if you are not working and not liable to pay National Insurance contributions.  Many women give up work to take career breaks to bring up a family.  This can leave a shortfall on your State Pension Benefits.  For say a woman in Group A, she would have to have worked and paid FULL National Insurance Contributions for over 39 years to get a full Basic State Pension in her own right.  She may only receive a proportion in her own right if she has not paid adequate National Insurance Contributions or received special Home Responsibilities Protection Credits for missed contributions whilst say looking after children.  Alternatively, she may receive nothing and her husband may receive an increased Married Persons pension.  For women not currently working visit the Not Working Page Result - women need to take responsibility themselves and plan for retirement - you may not be able to afford to retire when you planned to unless you save.  Other things to remember - Divorce - this can effect what you are entitled to, you may have lost the benefit of your ex-spouse's pension security both from a State point of view and private pension schemes.  Visit Divorce and Pensions.com. More Expensive for Women - Women generally should pay more into pensions than men.  This is because you live longer and therefore you will need a greater fund when you reach retirement to buy your pension.  Start planning now.   Co-habiting - If you are not married but live with someone, you may not be entitled to any of your partners pension benefits on death.  You need to investigate this and ensure that you are protected.  You should also be aware that other assets on death may be affected.  To avoid confusion and heartache You should consider making a Will - we can do one for your today for as little as £45 plus VAT, visit Wills Adviser.com .  You can apply for a pension scheme in the Interactive Zone Stakeholder Cafe.com Quick Links:   Quotations   Compare & Buy Pensions   Get Help or Advice  

Explore our Site

About
Advice
Money MOT
T and C