Our WASPI Compensation Calculator helps determine the potential compensation amounts for women impacted by the pension age changes. The Department for Work and Pensions (DWP) is expected to finalize these amounts for 2024, with estimates ranging from £1,000 to £2,950 per person. The exact compensation will depend on individual circumstances, and the DWP is still reviewing the details.
WASPI Compensation Calculator
Get the latest updates on the WASPI Compensation Calculator, which is used to estimate the compensation amounts for women affected by the changes in the state pension age. These women, born between April 1950 and April 1960, faced financial difficulties due to the increase in the state pension age from 60 to 66 without adequate notice. We will cover how the compensation is calculated, who is eligible, and when payments might be expected in 2024.
Eligibility Criteria for WASPI Compensation
To be eligible for compensation through the WASPI Compensation Calculator:
- You must be born between 6 April 1950 and 5 April 1960.
- You were affected by the increase in the state pension age from 60 to 66.
- You were not given enough notice about these changes, limiting your ability to adjust your retirement plans.
How Much Compensation Will WASPI Get in 2024?
The compensation amounts calculated by the WASPI Compensation Calculator are expected to range between £1,000 and £2,950 for eligible women. However, these figures are not final, as the DWP is still in the process of making its decisions.
Payment Dates for WASPI Compensation in 2024
The exact dates for when compensation payments will begin have not yet been confirmed. It is anticipated that payments could start around July 2024, but this depends on the DWP’s final decisions and announcements.