Retirement Age – Born in 1959

retirement age - born in 1959When Can I Retire if I was Born in 1959?

The age at which you can take your state pension changes quite quickly for quite a few people, in particular women, for a period of time until it gets to a state pension age of 67 for both women and men.

But for those who were born in 1959 the retirement age (at least the age at which you can draw your state pension benefits) has been fixed at age 66 for both men and women.  So you can retire in 2025. In fact anyone who was born on or after 6th October 1954 has a retirement age of 66. So if you were planning to retire at age 65 (or perhaps in the dim and distant past women had ideas of retiring at age 60) then you will need to rethink.

Pension Age Increases

The reason for the increase in retirement ages beyond 65 has been put down to the fact that life expectancy is increasing and it is only fair and equitable that people spend the same proportion of their working lives in retirement. This means that future generations (who are the ones that actually pay for pensions in payment) will not be unduly penalised by having to pay more for the pensioner population.

 

You can check out how much State pension you might get by checking out our guide.  You also still have time to increase your pension by making payments to a personal or occupational pension if you are able to do that.

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State Pension Age – Men

When is my Retirement Age (Men)?

So you are trying to find out when your state pension age is and you have answered the first question to say that you are a man. (If this is not correct then go back to the original post here to start again). The reason for splitting off men and women is that up until November 2018 men and women retire at different ages.

Next question is this:

  • Were you born before 6 December 1953?

If the answer is yes then your state pension age will be on your 65th birthday.

If the answer is no, then your retirement age will be increased beyond age 65 and you need to go to this page which will guide you through to show your retirement age. Alternatively you can enter your year of birth in the search bar and you should be able to find out your retirement age from there as there are specific pages detailing the retirement ages of men and women depending on which year they were born.

This page is part of a series of questions for you to find out your retirement age – if you have come across it in a search and it is not the right page for you then you can go back to the beginning of the questionnaire by clicking here.
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