State Pension: Can I retire at 60 and claim State Pension?

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State Pension is part of the Government’s pension arrangements and although anyone can make a claim, benefits vary. In the last decade, the pension scheme has massively changed, and the age of which one can retire has steadily increased.

Can you retire at 60 and still claim State Pension?

How much State Pension you can receive vary depending on a number of factors such as age.

If you wish to retire early, or have other reasons to stop working, such as poor health or redundancy, your State Pension is likely to be affected.

Although you can retire at any age, you can only claim your State Pension when you reach State Pension age.

Before making the decision to stop working, you need to know all your pension options to make sure you’ll have enough to live on in retirement.

For other pensions you need to check with the scheme provider when you can retire.

The amount you’ll get depends on your National Insurance record and when you reach State Pension age.

You’ll claim basic State Pension and Additional State Pension if you reached State Pension age before April 6, 2016.

You’ll claim the new State Pension if you reach State Pension age on or after April 6, 2016.

Can you be forced to retire?

In some cases an employer can force you to retire at a certain age.

This is known as compulsory retirement age.

However, if they do this they must give a good reason why.

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One example can be if the job requires certain physical abilities.

Another reason can be if the job has an age limit set by law, such as the fire service.

You can claim your pension while you’re working, as long as you’ve reached State Pension age, if you’re claiming the State Pension.

If you have a workplace pension, reducing your working hours could affect how much you get, this should be checked with your employer.

How to check your State Pension age

Your State Pension age is worked out based on your gender and date of birth.

Under the current law, the State Pension age is due to increase to 68 between 2044 and 2046.

You can check your State Pension age using the Government’s State Pension age tool here. 

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