Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe government is proceeding with plans to bring forward the rise in the state pension age to 68 from 2044 to 2037, as confirmed by the Office for Budget Responsibility (OBR). This change means approximately five million workers, currently aged between 49 and 55, would have to work an additional year before becoming eligible for their state pension. The OBR report indicates that delaying the rise to 68 would cost an average additional £6 billion annually in today's terms. While the Pensions Act 2007 still legislates for the rise to 68 between 2044 and 2046, the Treasury has confirmed the earlier timeline is its 'current policy'. A new review of the state pension age is underway, but any change to the age requires at least 10 years' notice, meaning legislation for a 2037 rise would need to begin by next year. In fullMillions to retire later under state pension age increase plans – here’s who’s affectedMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
State pension age to rise years earlier than expected – am I affected?
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe government is proceeding with plans to bring forward the rise in the state pension age to 68 from 2044 to 2037, as confirmed by the Office for Budget Responsibility (OBR). This change means approximately five million workers, currently aged between 49 and 55, would have to work an additional year before becoming eligible for their state pension. The OBR report indicates that delaying the rise to 68 would cost an average additional £6 billion annually in today's terms. While the Pensions Act 2007 still legislates for the rise to 68 between 2044 and 2046, the Treasury has confirmed the earlier timeline is its 'current policy'. A new review of the state pension age is underway, but any change to the age requires at least 10 years' notice, meaning legislation for a 2037 rise would need to begin by next year. In fullMillions to retire later under state pension age increase plans – here’s who’s affectedMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
