![\"'Half'](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/0_statepensioners.jpg\")
‘Half’ of UK adults unaware of state pension shake-up coming next year<\/p>\nA survey of 1,500 British people by Schroders Personal Wealth found that 51 per cent were \u201cnot aware at all\u201d of upcoming changes.‘Half’ of UK adults unaware of state pension shake-up coming next year<\/p>\n
State pensioners risk a shake-up to the pension system but “half of UK adults are unware”. A survey of 1,500 British people by Schroders Personal Wealth found that 51 per cent were \u201cnot aware at all\u201d of upcoming changes.<\/p>\n
These include the increase in the state pension age next year, the inclusion of pensions within inherited estates from 2027 and the rise in the age allowing access to a tax-free lump sum from 2028.<\/p>\n
Alex Gaita, director of financial planning at SPW, said these changes were not just technical but<\/a> \u201cdeeply personal . . . they affect when people can stop working, how much they can afford to spend, and what they can leave behind\u201d.<\/p>\n READ MORE NS&I warning for anyone with over \u00a3350 invested in Premium Bonds<\/strong><\/a><\/p>\n \u201cThe state pension is a particular blind spot, since it\u2019s rather complicated, and people simply don\u2019t believe they need to even consider it until much older,\u201d said Rob Morgan, chief analyst at Charles Stanley, an investment manager.<\/a><\/p>\n Just 15 per cent of people surveyed by SPW said they \u201cfully understood\u201d the tax rules around passing on pensions to beneficiaries when they die, and have planned their finances accordingly.<\/p>\n That is despite 29 per cent saying they planned to pass part or all of their pensions to family members or heirs.<\/p>\n Sir Steve Webb, partner at consultancy LCP and former Liberal Democrats<\/a> and Conservative Party<\/a> coalition government pensions minister, said the increase in the age at which you can access workplace or personal pensions without a tax penalty from 55 to 57 \u2014 effective from April 6 2028 \u2014 was a \u201creal cliff edge\u201d for financial planning.<\/p>\n \u201cThere is no doubt that there are some changes to the pensions landscape where final decisions have been taken, which have a direct effect on consumers, and where public awareness is still at a low level,\u201d he went on and said.<\/p>\n","protected":false},"excerpt":{"rendered":"A survey of 1,500 British people by Schroders Personal Wealth found that 51 per cent were \u201cnot aware…\n","protected":false},"author":2,"featured_media":439294,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,1267,474,2499,16,15],"class_list":{"0":"post-439293","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-dwp","10":"tag-finance","11":"tag-personal-finance","12":"tag-uk","13":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115238461324231071","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/439293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=439293"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/439293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/439294"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=439293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=439293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=439293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}