§ Mr. WolfsonTo ask the Secretary of State for Social Security how many men and women who have reached retirement age before 1 October will fall outside the scope of the abolition of the retirement pensions earnings rule.
§ Mr. Peter LloydThe earnings rule only applies for the first five years after pension age (65 for a man and 60 for a woman). Individuals aged over 70 (men) and 65 (women) have always been able to earn as much as they wish, with no reduction in state retirement pension; and they will continue to be able to do so after 1 October. There are approximately 7.7 million retirement pensioners aged over 70 (men) and 65 (women) who will not be affected by the abolition of the retirement pension earnings rule.