State pension age

Bridging the Gap on State Pensions



Posted on: 27th August 2023

As you may have heard, the State pension age is set to rise to 67 by 2028, with a subsequent rise between 2044 and 2046 to 68. We understand how that can be a concern for many in the UK. What we can say is that things are always looking to be reviewed around the appropriateness of such a timetable.

Things can and do change, and we don’t know what the future brings, but an individual’s retirement planning Cheshire should always have some flexibility to accommodate whatever future changes will come with the state pension age.

A huge benefit is discussing your retirement plans with independent financial advisers Cheshire who can provide better insight and access to knowledge and information to help you reach your goals.

Information Access

Over the last few years, we discovered that one in seven retirees received less financial aid from their state pensions than expected. That highlighted a strong undercurrent of misinformation or accessible information regarding what individuals can expect from government payouts during their later years.

A large percentage of retirees have no clue how much they stand to receive from the state pension when they retire, and many find it too much of a challenge or headache to figure out what their payments stand to be. Not everyone is great with figures and maths, with many losing track of their pensions and work history along the way.

Working with independent financial advisers Manchester helps to bridge that gap in information and provide a clearer picture of how the future of state pensions works into your retirement.


The lack of awareness is not only on full-time workers – but also those working part-time. The current knowledge gap affects homeowners, those in rented accommodation and those living with family accordingly, highlighting a worrying trend for the future.

Pre-retirees share similar uncertainty regarding their state pension, with many unsure what their state pension age is or what they stand to receive when it happens. Financial advisers are not just accessible for those driving towards retirement. We are available to help all ages plan for the future.

Triple Lock

Questions around the ‘Triple Lock’ and the potential for a planned rise in the state pension age to 68 being brought forward have added to the growing uncertainty levels. It is essential to note that individuals need to claim their new state pension as it is not automatically granted.

Typically, individuals receive an invitation letter around two months before the state pension age hits, explaining the steps needed to claim the pension benefits. If someone reaching the state pension age doesn’t receive a letter, their claim can still be submitted online. However, with the constantly changing landscape, we advise keeping a financial adviser close by to help you understand where your future finances stand.

At Haven IFA, we understand how retirement planning Manchester is a daunting task, and we aim to make each client’s journey smooth and stress-free with every personalised service we can offer. Contact our friendly team today to ensure you are in the best possible position with your pension plans.