The State Pension age is set to increase from 66 to 67 starting in April 2026, with the change phased in over two years until 2028. This adjustment will affect both men and women, potentially delaying retirement plans for those born after certain dates.
According to the official timetable, individuals born between April 1960 and March 1961 will see their State Pension age rise gradually. For example, those born in April 1960 will reach age 67 in April 2027, while those born in March 1961 will reach it in March 2028. A further increase from 67 to 68 is planned between 2044 and 2046.
The amount received under the new State Pension depends on National Insurance contributions. The full weekly rate is £230.25, but this can vary if you were contracted out, have fewer qualifying years, or paid into the Additional State Pension. The new State Pension applies to men born on or after April 6, 1951, and women born on or after April 6, 1953.
It is important to note that personal or workplace pensions may have different retirement ages, so individuals should check their specific schemes. The government advises checking your State Pension age online to understand how these changes affect you.
