Pension Age to Rise to 68 Sooner than Planned!

19th August 2010
Pension Age to Rise to 68 Sooner than Planned! image

Pension Age to Rise to 68 Sooner than Planned!

The Conservatives stated before the recent General Election that the pension age should rise to 66 by 2016. New Conservative Work and Pensions Secretary Iain Duncan Smith and Liberal Democrat’s Pension Credit Minister Steve Webb have announced that workers should be prepared for the retirement age to rise to 68, eight years earlier than previously scheduled.

Previously the former Labour Government had planned to increase the retirement age to 66 by 2024, and to 68 by 2046 to reflect growing life expectancy. Now the New Coalition Government has suggested that by 2038 that the retirement age could be raised to 68.

Currently the default retirement age is 65, being the age at which workers can currently be retired by employers. The government has also suggested that this will be phased out and eventually axed.

Daven NaghenHead of the Employment Team at Maples Solicitors LLP commented as follows:-

“These proposals will not be well received by manual workers, who will perceive that they will have to work until they drop especially as their life expectancy is often much less than say professionals or other classes of employees.

As for the default retirement age, the precise details of the phasing out and eventual axing of the default retirement age are still to be confirmed.”

If you require any advice in respect to the contents of this article then please either ring Daven on 01775 722 261 or email daven.naghen@maplessolicitors.com


Cancer Research UK Free Will Service image

Cancer Research UK Free Will Service

Maples Solicitors are pleased and proud to announce that it is working in partnership with Cancer Research UK to offer their Free Will Service for the over 55’s.

The vast majority of people have been affected in some way by cancer and we wish to support Cancer Research UK in its life saving work by offering their Free Will Service.

Over a third of Cancer Research UK’s research is funded by gifts in Wills and we believe we can play a vital role in helping in the fight against cancer. Writing your will for free using the scheme could help beat cancer sooner.

Please contact a member of our Wills and Probate Department:-
Jamie Dobbs- jamie.dobbs@maplessolicitors.com
Jane Mawer- jane.mawer@maplessolicitors.com
Faye Blair- faye.blair@maplessolcitors.com

Or telephone the office 01775 722261 and ask to speak with one of the team

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"Daven provided an excellent service, from attending the first interview with me to the final court appearance. He filled me full of confidence that he would defend me to which he did and come out with an excellent outcome in view of my position that I had put myself in."

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Faye was excellent, sensitive and acted very well to the time constraints we faced. Great service and dealt with compassion at such sad times made the process less painful very professional.

Jamie Dobbs ACILEx

Over the last forty years I have cause to deal with many law firms both in a personal and professional capacity, including some ‘top’ London Companies. In all of those dealings I have never found anyone as proactive and so willing to offer help and advice as Jamie Dobbs. During the last two years Jamie guided my parents through the completion of Lasting Powers of Attorney. Helped myself with the use of the LPA and recently dealing with Probate and Estate Administration following their death.

Mike Pepper MA

Mike Pepper gave us excellent advice. He was always most helpful and accommodating giving lucid explanations every step of the way. Thank you Mike.

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Donna has been helpful and professional every step of the way during the process. Always on hand to answer any queries and totally professional and friendly at all times.