There have been reports the rise to 68 would be brought forward from 2044 to the mid-2030s
Plans to bring forward a planned rise in the State Pension age to 68 have reportedly been put on hold amid falling life expectancy across the UK. Work and Pensions Secretary Mel Stride is expected to address MPs in the Commons on Thursday, to update them on the latest statutory review on the pension age.
State Pension age is currently 66 for both men and women and is due to rise to 67 between 2026 and 2028, with a further rise to 68 planned between 2044 and 2046. However, reports earlier this year suggested that the UK Government wants to bring the rise to 68 forward to the mid-2030s. According to the Office for Budget Responsibility , the annual State Pension bill for 2022/23 is £110bn, but is estimated to increase to around £148bn by 2027/28. A DWP spokesperson said: “The Government is required by law to regularly review the State Pension age and the next review will be published by May 7.”The review will consider a wide range of evidence, including:
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