Personal Finance

Could state pension be means-tested? ‘Disadvantage risk’ among Britons to be considered

The report stated: “With the Government’s six-year review of state pension age to be conducted by 2023, issues of longevity and health inequalities are important to ensure that the effects of any changes are distributed fairly among the population.

“The policy options available, which could potentially mitigate some of these issues, each have their own downsides meaning that careful consideration is required before being implemented within the UK.

“Policy changes targeted at individuals before retirement, such as a lower Pension Credit age, or policies which can better aid lower earners either through the tax system or health services.

“These can be used in tandem with changes with state pension age to help reduce inequalities in life and healthy life expectancy.”


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