Being born on the wrong day could cost some ladies dearly

Some new research suggests that over 100,000 women could miss out on thousands of pounds in retirement because they were born just a day too early to benefit from pension rule changes.

From 6th April 2010, both men and women will need to make 30 years of National Insurance (NI) contributions to be eligible for the full state pension.

As a result of the changes, a woman who has fully paid up NI contributions and turns 60 on 6th April would be entitled to a full State pension. A woman born a day earlier who has worked just as long would get three quarters of this – around £75 a week in 2010-11.

This could mean women retiring before the 6th April 2010 cut off could miss out on hundreds of pounds over the next decade.