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6h ago

DWP Publishes Cohort-Based Timetable for 2026–28 Pension Age Rise

Notifications under the new cohort-based system have begun, marking the first phase of the government’s plan to delay pension payments for those born after April 1960.

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Overview

  • The Department for Work and Pensions has released a month-by-month schedule for raising the state pension age from 66 to 67 for people born between April 6, 1960, and March 5, 1961, to be fully implemented by April 2028.
  • Affected individuals are receiving letters that specify how many months beyond their 66th birthday they must wait before claiming their state pension.
  • People born after April 5, 1977, will become eligible at age 67, and any move to raise the pension age to 68 between 2044 and 2046 remains subject to a statutory review and parliamentary approval.
  • A University of Bath study finds that each one-year increase in pension age cuts retirement likelihood by 8.2 percentage points for men and 6.4 for women, yet many in 1960s and early 1970s cohorts have not adjusted their savings or work plans.
  • The reform is designed to tackle demographic ageing and boost fiscal sustainability, with multi-billion-pound savings projected and measures like means-tested credits and voluntary National Insurance contributions available to ease the transition.