Concessions for over 60s

What concessions can you receive?

Concessions for over 60s – state pensions

The most obvious benefit available for older people is probably the retirement pension that currently begins at 65 for men. The women's state pension age is slowly rising from 60 to 65 between 2010 and 2018. In line with men's age, it will rise from 65 to 66 between 2018 and 2020.

Benefits, Concessions and Discounts

A state pension will likely consist of the basic pension plus what used to be called the State Earnings Related Pension Scheme (SERPS) and is now referred to as the State Second Pension (S2P). The amount of SERPS, or S2P, varies depending on how much you have earned and for how long you have been contracted in or out of SERPS/S2P.

How much will you receive?

Therefore it is very difficult to know how much you might receive. To get a forecast, you can ask for one on-line, download a form from the Pension Service website or telephone for one. You may apply for a forecast as long as you are over 10 days away from retirement. You can even receive one through the post without asking – they are more pro-active these days and certainly some people get one without asking.

The whole idea of the state pension will be changing in April 2016. The basic level will rise to at least £151 per week but people will no longer be able to receive extra by paying into S2P. The transitions for people who have already paid some SERPS and S2P but who will not arrive at state pension age until after April 2016 are quite difficult.


Stakeholder pensions are the newest retirement product to appear. If you run a business, or want to know what the new pension will mean to you, our list of sites will provide you with the information and the products to make the most of the opportunities.


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Comment: An international financial services company established in 1848. Products available fall into four categories - save/invest, borrow, insure and retire. Take a look at the different pensions on offer or arrange insurance for your car, home, travel or life. A glossary of terms is also available online.

Eagle Star

Comment: As part of the Zurich Financial Group, Eagle Star offer a range of insurance products for your car, boat, home, travel and life assurance, as well as pension cover. Comprehensive summaries of covers and easy quotes are provided online. If you are happy with your quote then you can buy online.

Direct Invest

Comment: An investment discount broker, offering a range of investment products. ISA's, PEP's, bonds, trusts, pensions and more. Information on products given, online quotes. Use the product wizards, offering advice to help choose the right product for you.

B&CE Insurance

Comment: B&CE offers a range of low cost benefits and financial services to people in the UK construction industry. They are providers of life assurance, pensions and accident insurance. This site has great information to answer all your queries.


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