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Pensions and Retirement News and Discussions

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Increase in UK state pension age to 68 could come eight years early

Wed 15 Dec 2021 11.46 GMT

Millions of people born in the 1970s may have to wait longer to collect their UK state pensions if a government review, which was announced this week, recommends bringing forward plans for a retirement age of 68.

The state pension age rose to 66 last year, with two further rises planned, meaning that by 2046 those born on or after April 1977 would need to wait until 68 before they can draw the benefit.

However, the review will look at bringing forward that change by eight years, so that the increase is phased in between 2037 and 2039.

[...]

Becky O’Connor, the head of pensions and savings at the website interactive investor, said: “The idea of a long, enjoyable retirement seems set to be consigned to the history books.

“It’s no wonder today’s younger workers have little faith in the state pension being there for them at all when they stop work, with many thinking they’ll end up working forever.”


https://www.theguardian.com/money/2021/ ... rly-review
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