Timeline of changes to the age at which eligible persons receive the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

State Pension A pension (; ) is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be either a "defined benefit plan", wher ...

Timeline (1908–2030)

ImageSize = width:720 height:1400 PlotArea = left:0 right:520 bottom:0 top:0 AlignBars = justify DateFormat = dd/mm/yyyy Period = from:1907 till:2030 TimeAxis = orientation:vertical Colors= id:canvas value:gray(0.5) id:TIME value:gray(0.8) # dark gray Define $left = align:right shift:(-25,-5) Define $right = align:left shift:(25,-5) PlotData= mark:(line,white) fontsize:S shift:(25,-5) width:25 from:01/01/1908 till:06/04/2030 color:TIME $left text: from:01/01/1908 till:01/01/1908 color:TIME $left text:"1908" from:01/01/1908 till:01/01/1908 color:TIME $right text:" Old Age Pensions Act passed providing Means-tested benefit to people over 70.^" from:01/01/1925 till:01/01/1925 color:TIME $left text:"1925" from:01/01/1925 till:01/01/1925 color:TIME $right text:"Widows’, Orphans’ and Old Age Contributory Pensions Act introduced to provide the first contributory state pension scheme,~funded by contributions from both the employee and employer." from:01/01/1940 till:01/01/1940 color:TIME $left text:"1940" from:01/01/1940 till:01/01/1940 color:TIME $right text:"Old Age and Widows’ Pension Act introduced that broadened the benefits available to women." from:01/01/1946 till:01/01/1946 color:TIME $left text:"1946" from:01/01/1946 till:01/01/1946 color:TIME $right text:"

National Insurance Act 1946 The National Insurance Act 1946 ( 9 & 10 Geo. 6. c. 67) was a British act of Parliament passed during the Attlee ministry which established a comprehensive system of social security throughout the United Kingdom. The act meant that all who we ...

introduced a universal contributory state pension, funded by National Insurance contributions from~workers." from:06/04/1978 till:06/04/1978 color:TIME $left text:"1978" from:06/04/1978 till:06/04/1978 color:TIME $right text:" State Earnings-Related Pension Scheme and~ Guaranteed Minimum Pensions begin." from:01/01/1995 till:01/01/1995 color:TIME $left text:"1995" from:01/01/1995 till:01/01/1995 color:TIME $right text:"

Pensions Act 1995 The Pensions Act 1995c. 26 is a piece of United Kingdom legislation to improve the running of pension schemes. Background Following the death of Robert Maxwell, it became clear that he had embezzled a large amount of money from the pension fund ...

." from:06/04/1997 till:06/04/1997 color:TIME $left text:"1997" from:06/04/1997 till:06/04/1997 color:TIME $right text:"

Minimum funding requirement The Minimum Funding Requirement (MFR) was a part of United Kingdom legislation in the Pensions Act 1995, and was introduced on 6 April 1997. The Pensions Act 2004 abolishes the MFR replaces it with new "statutory funding objective"; this came into ...

begins." from:06/04/2002 till:06/04/2002 color:TIME $left text:"2002" from:06/04/2002 till:06/04/2002 color:TIME $right text:" State Earnings-Related Pension Scheme ends, start of the~ State second pension and State

Pension Credit Pension Credit is the principal element of the UK welfare system for people of pension age. It is intended to supplement the UK State Pension, or to replace it (for example, if the claimant did not meet the conditions to claim a State Pension). I ...

Act." from:01/01/2004 till:01/01/2004 color:TIME $left text:"2004" from:01/01/2004 till:01/01/2004 color:TIME $right text:"

Pensions Act 2004 The Pensions Act 2004 (c. 35) is an Act of the Parliament of the United Kingdom to improve the running of pension schemes. Background In the years following the introduction of the Pensions Act 1995, it was widely perceived that it was failing ...

." from:06/04/2005 till:06/04/2005 color:TIME $left text:"2005" from:06/04/2005 till:06/04/2005 color:TIME $right text:"

The Pensions Regulator The Pensions Regulator (TPR) is a non-departmental public body In the United Kingdom, non-departmental public body (NDPB) is a classification applied by the Cabinet Office, Treasury, the Scottish Government, and the Northern Ireland Executive ...

and

Pension Protection Fund The 'Pension Protection Fund'' (PPF) is a statutory corporation, set up by the Pensions Act 2004, and has been protecting members of eligible defined benefit (DB) pension schemes across the United Kingdom since 2005. It protects close to 9 mill ...

start." from:06/04/2006 till:06/04/2006 color:TIME $left text:"2006" from:06/04/2006 till:06/04/2006 color:TIME $right text:"

Pension simplification Pension tax simplification, sometimes referred to as pension simplification was a British overhaul in 2006 of taxation rules for United Kingdom pension schemes. The aim was to reduce the complicated patchwork of legislation built-up by successive ...

." from:06/04/2010 till:06/04/2010 color:TIME $left text:"2010" from:06/04/2010 till:06/04/2010 color:TIME $right text:" State Pension age begins to increase from 60 to 65 for women.†" from:01/01/2012 till:01/01/2012 color:TIME $left text:"2012" from:01/01/2012 till:01/01/2012 color:TIME $right text:"

Automatic enrolment In public services, automatic enrolment defines programmes where citizens are automatically included unless they opt out. Examples There are various examples of automatic enrolment schemes in public services across the world. Examples of the us ...

and Personal Accounts begin to be phased in." from:06/04/2018 till:06/04/2018 color:TIME $left text:"2018" from:06/04/2018 till:06/04/2018 color:TIME $right text:"The State Pension age is equalised at 65 for both men and women.†" from:06/04/2020 till:06/04/2020 color:TIME $left text:"2020" from:06/04/2020 till:06/04/2020 color:TIME $right text:"The State Pension age is increased to 66.†" from:06/04/2027 till:06/04/2027 color:TIME $left text:"2027" from:06/04/2027 till:06/04/2027 color:TIME $right text:"The State Pension age is increased to 67.†" ^ †

Notes

{{reflist Pensions in the United Kingdom

Pensions A pension (; ) is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be either a "defined benefit plan", wher ...

Financial history of the United Kingdom