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State pension age rises to 65 for women

The state pension age for women has increased to 65, as of 6 November 2018.

This change means women now qualify for their state pension at the same age as men, after decades of different treatment.

The pension age for women has been rising gradually from 60 to 65 since 2010, under legislation passed in 1995.

These increases were then accelerated by new measures in 2011, and the state pension age for both men and women will now continue to rise, to 66 by October 2020 and 67 by 2028.

Critics have argued that the changes have been made too quickly, and that other inequalities in the pensions system mean women lose out compared to men.

Former pensions minister Ros Altmann said that while state pension ages are now the same, "equal state pension age does not mean pension equality".

Altmann said women typically have lower pensions than men, placing them at risk of financial difficulty in retirement - especially as they also tend to live longer.

She added:

"Some of the [pension] inequalities date back many decades, but others are new problems created by recent legislation.

"The Government needs to act urgently to fix these loopholes which cause problems for so many women."

Talk to us about planning for retirement.

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Easy Accountancy offers a low cost, fixed fee accountancy package with all clients receiving their own dedicated, friendly, approachable accountant.

All of our accountants specialise in providing accountancy services to the self-employed, freelancers, sole traders, small to medium sized limited companies and private individuals. All accountants are employees of Easy Accountancy and we never outsource or offshore work.

Our low cost, all-inclusive fixed-fee accountancy service includes unlimited access to your own dedicated accountant throughout the year and covers all your business and personal tax affairs needs.

All our accountancy services include:
  - Unlimited access to your accountant
  - Ongoing advice on how to manage your business
  - Proactive tax advice throughout the year
  - Updates and reminders so you'll never miss a deadline
  - Free bookkeeping software

As a sole trader our fees start at just £60 + VAT a month, for this you receive the above plus:
  - Completion of your Self-Assessment tax return
  - Advice on how much Income Tax to pay
  - Guidance on National Insurance contributions

As a limited company our fixed fee packages are bespoke to your needs, however typically you’ll receive the above, plus:
  - Completion of your year end accounts*
  - Completion and submission of your annual return Companies House
  - The director/s Self Assessment tax return
  - Payroll bureau
  - Dividends and corporation tax computations

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*If you would like us to complete your company year end accounts we simply ask that you have been a client of Easy Accountancy for one year or have made 12 monthly payments.