Pension News 75 Of Women To Win Full Pension Right By 2010 2405

75% of women to win full pension right by 2010

24 October 2008 / by Rebecca Sargent
The state pension system will soon become fairer to women according to the Department for Work and Pensions (DWP). In fact, 75% of women will be entitled to a full basic state pension by 2010.

The Pension Bill is to be amended to allow people to buy up to an additional six years of National Insurance contributions above the current limit of six years, with a one off payment. The change will give women who have taken years off work to have children the opportunity to boost their pension fund.

The changes will apply to those who reach State Pension age between April 6th 2008 and April 5th 2015 and who already have 20 qualifying years on their National Insurance record.

Written by Editorial Team