The State Pension age is set to rise from 66 to 67 next year, with the increase due to be completed for all men and women across the UK by 2028
The UK state pension age will rise for some people from next year.
The age at which people can claim their state pension is set to rise from 66 to 67, with the change coming in gradually from 2026.
Some people, born between certain dates, will see the change take effect next year.
The increase is expected to be fully implemented for all men and women by 2028.
The state pension age rise was first legislated back in 2014. Under the changes, people born between March 6, 1961 and April 5, 1977 will be able to claim the State Pension once they reach 67.
A further increase from 67 to 68 is planned to take place between 2044 and 2046.
Anyone who is affected by the changes to the state pension age will receive a letter from the Department for Work and Pensions (DWP) well ahead of time.
Letters are usually sent to people at least two months before they reach state pension age.
However it’s important to be aware of these upcoming changes now, especially if you have a retirement plan in place, reports the Daily Record.
Your state pension age is the earliest age at which you can begin receiving your state pension.
It might differ from the age at which you can access a workplace or personal pension.
The Pensions Act 2014 mandates a regular review of the state pension age at least every five years.
A review of the proposed increase to 68 is due before the end of this decade. The review will consider life expectancy among other relevant factors.
Following the next review, the UK government may decide to make further changes to the state pension age. However, any proposals must pass through Parliament before becoming law.
You can find out your projected state pension age by using the gov.uk tool here.
