What is WASPI Compensation?

WASPI (Women Against State Pension Inequality) compensation refers to potential payments for women born in the 1950s who were affected by changes to the state pension age. These women argue they were not given sufficient notice about the increase in their state pension age from 60 to 65 (and later 66), causing financial hardship and altered retirement plans. The Parliamentary and Health Service Ombudsman (PHSO) has recommended compensation due to the government’s failure to adequately communicate these changes.

How to Use the WASPI Compensation Calculator

Step 1: Enter Your Date of Birth

Input your date of birth using the date picker provided. The calculator accepts dates between April 6, 1950, and April 5, 1960, as these are the birth dates of women affected by the pension age changes.

Step 2: Provide the Notification Date

Enter the date when you were officially notified about the change to your state pension age. This information is crucial for calculating the delay in notification, which affects your potential compensation level.

Step 3: Input Your Expected Annual State Pension Amount

Enter the amount of state pension you expect to receive annually. This figure helps in estimating the potential financial impact of the delayed notification.

Step 4: Click the Calculate Button

After entering all required information, click the “Calculate Compensation” button. The calculator will process your inputs and display the results.

Step 5: Review Your Results

The calculator will show you several key pieces of information:

• The delay in notification (in years)
• Your compensation level (1-4)
• The estimated compensation range
• An average compensation amount
• The potential pension loss based on the delay

Step 6: Interpret the Results

Remember that this calculation is an estimate based on the PHSO’s recommendations. The actual compensation, if awarded, may differ. Use this information as a guide to understand the potential impact of the pension age changes on your situation.