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State Pension payment warning for older people reaching DWP official retirement age this year

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dailyrecord.co.uk

State Pension currently provides essential financial support for nearly 12.5 million older people across the UK, including some 981,399 retirees living in Scotland.

This regular payment is available for those who have reached the UK Government’s eligible retirement age, which is now 66 for both men and women, and have paid at least 10 years of National Insurance contributions.

However, many people approaching the official retirement age this year may not be aware that this contributory benefit is not paid automatically by the Department for Work and Pensions (DWP) and needs to be claimed, or they could miss out on payments of up to £185.15 every week.

The reason it is not paid automatically when someone reaches State Pension age is because some people choose to defer making a claim in order to keep working and contribute more towards their pension pot.

Read more on dailyrecord.co.uk
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