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Closed petition Introduce flexible state pensions for people who want to retire early.
Some people are eligible for their workplace pension before state retirement age and would retire early but cannot afford to without the state pension as top up.
A flexible state pension could enable this, free up jobs for younger people and allow older workers to plan their retirement.
More details
State Pension = £185.17p.w. (22/23)
If you delay taking it, it increases by 1% (£1.85) p.w. for every 9 weeks, equal to 5.4% (£10) p.w. increase for a year’s delay.
The same could be applied in reverse so if the S.P. was taken a year early (66) it would reduce to about £175p.w. or £165p.w if taken 2 years early etc.
There should be proof that a private work pension exists before a reduced S.P. could be authorised.
Any S.P. would still be covered by the Triple Lock but based on your lower sum.
This petition is closed All petitions run for 6 months