Overview

• HMRC and the DWP have identified over 130,000 underpaid pensioners, repaid more than £104 million so far and earmarked about £800 million, with the correction exercise running to at least March 2027.
• More than 370,000 letters have been issued, largely to women affected by missing Home Responsibilities Protection credits, with average backpayments of about £8,300.
• The State Pension age will begin rising from 66 to 67 on 6 May 2026 and will reach 67 by 6 March 2028 for people born between 6 April 1960 and 5 April 1977.
• An independent review led by Dr Suzy Morrissey is examining whether to raise the State Pension age further, with a report due in March 2029.
• A two‑tier system leaves full‑rate basic State Pension recipients up to £2,797.60 a year worse off than those on the new State Pension, reinforcing disparities in uprating outcomes.