Money Box
What age will you get your state pension?
Key points
- The State Pension age rose this week as part of a gradual increase from 66 to 67.
- A State Pension Age Review is examining how the age should be set in the future.
- Average mortgage rates reached a three-year high this week.
The State Pension age increased this week as part of a gradual rise from 66 to 67. The law states it will go up again to 68 by 2046, but that could change. A State Pension Age Review, the third such review, is considering whether the rules around the state pension age are appropriate given the latest life expectancy data and will recommend how the age should be determined in the future.
The Money Box program will speak to Dr Suzy Morrissey, who was appointed by the Secretary of State for Work and Pensions last year to prepare an independent report on the future of the State Pension age. The show will also pay tribute to Louise Botting, former presenter of Money Box, who died at 87 after a short illness.
Mortgage rates and banknotes
Average mortgage rates hit a three-year high this week, affecting millions of homeowners looking to remortgage and people hoping to buy their first home. The program will discuss the best advice for those affected.
The Bank of England has chosen the animals for the next series of bank notes. The hedgehog, barn owl, puffin and bumblebee were selected after a public vote, with almost half a million people responding to a consultation.
The law says it will rise again to 68 by 2046, but that may change.
— Paul Lewis
