State Pension provides essential financial support every four weeks for 12.6million people across Great Britain, including around one million living in Scotland.
This regular payment of up to £203.85 per week for the full, New State Pension or £156.20 per week for the old Basic State Pension (Category A or B) is available for those who have reached the UK Government’s eligible retirement age, which increased to 66 for both men and women in October 2020.
A gradual rise to 67 for those born on or after April 1960 will take place between 2026 and 2028. A further rise to 68 is planned between 2044 and 2046, however, this has been the subject of much speculation that it may happen sooner - at least 10 years notice is required before any changes can be made.
For anyone approaching the official age of retirement this year, it is essential to know which benefits will continue, new ones you may now qualify for and those you can no longer make a new claim for.
Read more on dailyrecord.co.uk
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