Like many people of my generation, I fell foul of the change in pension age. At what cost you might ask?
Well, I have done rough calculations as I don't know how much state pension I would have received each year of those I have missed out on.
By these calculations, by the time I finally receive my payments, I have lost anywhere from £36,000 to £45,000. That is huge!
The double whammy is that I had fully paid into this scheme. As well as not receiving my pension when I should have, I will now have to pay another 5 years contributions, totalling £3750.
So unfair. Those extra payments are having to come out of our savings as I gave up work due to health problems and having been fully paid in.
I suppose you could say the loss from our savings makes it a triple whammy loss. Good job we are still being frugal.