UK. State pension warning: Retirement age set to increase even further in just two years
The state pension age for men and women is currently 65 but will increase to 66 by October 2020. The pension age will then rise to 67 between 2026 and 2028.
However, it is “likely” the age will increase further as the Government will review the system from 2023. Speaking to Express.co.uk, Age UK policy expert, Sally West said: “The legislation has been passed to increase the state pension from 66 later this year.
“There’s also a law that’s been passed to increase it further to 67 and that’s between 2026 and 2028. “After that, one of the things the Government has introduced is regular reviews of state pension age.
“We had one a couple of years ago.
The next one has to take place before 2023 and that will be looking at changes in longevity. “But also there will be an independent report looking at a whole range of other factors such as, the differences in life expectancy and health issues.
“After that next review, the Government will consider what happens after the 2026-28. “I suppose it is likely there will be further increases in the future but we only know at the moment up to 67.
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