DWP state pension age warning as rise to 70 could come in from this date

Oct. 4, 2024 - Express

The state pension age could soon be hiked to 70Hard-working Britons could soon have to wait until their 70s to claim their state pension. The state pension age is currently 66 for both men and women with this to increase to 67 between 2026 and 2028 and then to 68 between 2044 and 2046.

Chris Ball, managing partner at Hoxton Wealth, said: "If the state pension age is pushed to 70, we might expect this to happen around the 2040s, given the current pace of change. "However, the Government would need to strike a careful balance between financial sustainability and ensuring that people who’ve worked for most of their lives have sufficient support in their later years.

" Mr Ball said there is a "clear trajectory" with legislation in place to move up the state pension age but there are several factors which could affect when this happens...