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Public finances boosted by £5.1bn a year by rise in women's state pension age

Public finances boosted by £5.1bn a year by rise in women's state pension age
  • James Phillips
  • James Phillips
  • @PPJamesPhillips
  • 02 August 2017
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Movements to equalise the state pension age (SPA) between men and women have led to more than £5bn of extra money for the government, latest analysis reveals.

Increasing the SPA for women from 60 to 63 between 2010 and 2016 means the government is now saving £4.2bn per year on state pension and other related benefit costs, the Institute for Fiscal Studies (IFS)...

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