WASPI Compensation Payout Date 2024: What You Need to Know

Juilia Ruskin
4 Min Read

WASPI stands for Women Against State Pension Inequality. These women are fighting for fair compensation due to sudden changes in the state pension age. This article explains the latest updates on the WASPI compensation payout date in 2024, who is eligible, and how to claim it.

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WASPI Compensation Payout Date 2024

The exact date for the WASPI compensation payout in 2024 is still unknown. The Government has yet to respond to the Parliamentary and Health Service Ombudsman (PHSO)’s recommendation. The WASPI group represents thousands of women born in the 1950s who faced financial difficulties due to changes in the state pension age.

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According to the latest report from the Work and Pensions Committee, the Government is expected to accept the compensation proposal soon. However, the upcoming general election in July 2024 might affect the payout date. Keep reading to learn how to claim WASPI compensation.

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When Will WASPI Compensation Be Paid?

The PHSO recommended compensation of £1,000 to £2,950 for eligible women. If the Government accepts this recommendation, they will pay the compensation to those who apply successfully. The upcoming general election may delay this process, but compensation is expected before July 23, 2024.

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Documents Required to Claim WASPI Compensation

To claim WASPI compensation, you need to gather the following documents:

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  • Evidence of Birth
  • Proof of Residency
  • National Insurance Number

Submit these documents along with the completed application form on the official WASPI portal to avoid delays.

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Who is Eligible for WASPI Compensation?

To be eligible for WASPI compensation, you must meet the following criteria:

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  1. Born between April 6, 1950, and April 5, 1960.
  2. Your state pension age was changed from 60 to 65 due to the State Pension Act.
  3. You did not receive your state pension or other retirement benefits due to this change.
  4. You must be a UK citizen or have lived in the UK for at least 10 years before reaching the state pension age.

WASPI Compensation Payment Amount

Approximately 3.8 million women were affected by the state pension age adjustment. While the PHSO recommended compensation between £1,000 to £2,950, many activists demand £10,000 for each eligible woman. The exact number of eligible women is unclear, making it difficult to predict the total payout amount. The payment details should become clearer after the general election results.

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The WASPI women continue to fight for fair compensation for the sudden changes in their state pension age. Despite the delays and uncertainties, they remain determined to seek justice. For the latest updates, visit the official WASPI website.

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1. What is the WASPI campaign about?

The WASPI campaign fights for fair compensation for women affected by sudden changes in the state pension age.

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2. Who are eligible for WASPI compensation?

Women born between April 6, 1950, and April 5, 1960, who were affected by the state pension age change, are eligible.

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The PHSO recommended compensation between £1,000 to £2,950.

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4. What documents are needed to claim WASPI compensation?

You need evidence of birth, proof of residency, and your National Insurance number.

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5. When will the WASPI compensation be paid?

The exact payout date is uncertain, but it is expected before July 23, 2024, depending on the Government’s response and the general election.

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An up-and-coming tax attorney passionate about educating readers on tax planning and mitigation strategies. Juilia articles offer practical advice and actionable tips to help individuals and businesses navigate the intricacies of tax law with confidence.
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