Women lose out in new pension reforms

Experts have warned that many married women could lose out under the proposed reforms to the state pension being planned for 2016, says the Financial Times.

At present, married women can qualify for state pension based only on their husbands’ National Insurance contributions – but that will change from 2016. After that, only women who have paid the ‘married women’s stamp’ will qualify for state pension.

If you reach retirement age before 2016, the changes won’t affect you. Married women who will reach pension age later and haven’t paid National Insurance should get advice on their situation.

Steve Clark

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