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An expert has urged people to check all their records regarding their state pension eligibility “before it’s too late”. It can be hard to fully understand all of the intricacies when it comes to your pension. And sometimes, not being aware of all that’s needed to retire may lead to issues and delays.
Cuan Tait, Chartered Financial Planner at Raymond James Barbican, has shared some valuable advice. Cuan says he often meets people in their 60s who are missing out on crucial tips to maximise their finances. He told the Express: “The real scandal is how many people don’t even realise they won’t get the full state pension.
“I meet clients in their 60s who suddenly find out they’re missing years of National Insurance, often women who took time off for childcare.
“Check your record at gov.uk before it’s too late, honestly. And don’t just assume the retirement age will stay where it is, because it probably won’t.”
Cuan says he doesn’t think the state pension age should rise any time sooner, but you can’t be sure that it won’t.
He adds: “The government really needs to keep the promise it made. People have worked all their lives, planned around 67 or 68, and to move the goalposts now? Honestly that would feel like a betrayal.
“We’re already asking people to work longer than any generation before. Enough’s enough, it’s gone too far.”
The state pension age is set to rise in 2026, with significant implications for millions of UK workers planning for retirement.
Current timelines mean anyone born between March 6, 1961, and April 5, 1977, will be affected by next year’s changes, while those born after April 1977 can expect to wait until they are 68 before they are eligible to claim their state pension.
If you’re looking to retire soon, you should make sure you check your record as soon as possible.
