Thousands and thousands of women are missing out on a significant boost to their pensions because they don’t know about it – the good news is that you can fix it with a phone call
Old-fashioned rules might mean women are missing out
Old fashioned rules on state pensions mean as many as 100,000 women could be significantly short changed on their payouts.
The good news is that fixing it could be as simple as picking up the phone.
And the rewards are worth it – with as much as £54.25 a week, or £2,821 a year, being added to pensions as a result.
The problem surrounds women who got divorced after the age of 60 and was brought to light by former pensions minister Sir Steve Webb.
“Every year thousands of women over state pension age get divorced, but many may not be aware that they can qualify for a state pension boost as a result,” Webb, now a partner at pensions consultants Lane Clark & Peacock, said.
“Worryingly even some financial advisers, lawyers and DWP call handlers seem to be unaware of the rules.”
