Men and women must now wait until 66 to receive state pension, which could pay out £219,000 at today’s rate if you live to 90

Men and women must now wait until 66 to receive state pension, which could pay out £219,000 at today's rate if you live to 90

State pension: The full rate is currently £175.20 a week, or around £9,100 a year Older people must reach the age of 66 before they can draw the state pension, starting from next week.

The state pension age has been hiked for both men and women – though far more dramatically for the latter – as the Government seeks to keep it roughly aligned with life expectancy, curb costs and create equality between the sexes.

The new state pension age of 66, which kicks in on Tuesday, applies to anyone born after 5 October 1954.The full rate is currently £175.20 a […]

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