Overview
- State Pension age will move from 66 to 67 in stages between April 2026 and April 2028, with the DWP’s timetable unchanged.
- People born April 6, 1960 to March 5, 1961 will reach pension age at 66 plus specific months, creating a graduated delay to first payments.
- The statutory six‑year review of pensionable age is under way and due to conclude in 2029, drawing on an independent review led by Dr Suzy Morrissey and formal advice from the Government Actuary.
- The Government Actuary will assess life‑expectancy trends, the share of adult life spent in retirement, and the current legislative timings for a potential rise to 68 projected for 2044–2046.
- A revived Pensions Commission will examine the wider system as DWP data show heightened risks for carers and those in poor health, with 45% of working‑age adults not saving, warnings of roughly £800 a year lower incomes for 2050 retirees reported, and a persistent gender gap in private pension wealth cited by Liz Kendall.