The retirement age could rise to 68 by the end of the 2030s, if Government plans under discussion are implemented.
The state pension age is already due to rise from 66 to 67 by 2028 but the next increase — to 68 — was not due to happen until 2046. However, an upcoming review is expected to consider bringing it forward and the decision could be announced as early as the March budget.
Every worker under the age of 54 could be affected by these plans, but those born in April 1969 and April 1971 will be most concerned, as they were heading towards a pension age of 67. Everyone will have to work a year longer under the plans, but those born after April 1971 were heading for a state pension age of 68 already.
