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The state pension age is currently 66, after it previously stood at 60 for women and 65 for men before age equalisation. However, this is not the end of the changes as further increases to 67 and 68 have already been laid out in legislation.
People are now spending a higher proportion of their adult lives in retirement than ever before, the Government has explained.
Under the Pensions Act 2014, the state pension age for men and women will rise to 67 between 2026 and 2028.
This Act brought the increase in the state pension age from 66 to 67 forward.
However, the Act also included a different process of phased increases.
READ MORE: State pension to increase but older pensioners will get less
The Government explained: “The government also changed the way in which the increase in state pension age is phased.
“Rather than reaching state pension age on a specific date, people born between April 6, 1960 and March 5, 1961 will reach their state pension age at 66 years and the specified number of months.”
At present, the Government timetable is as follows:
April 6, 1960 – May 5, 1960: 66 years and one month
May 6, 1960 – June 5, 1960: 66 years and two months
June 6, 1960 – July 5, 1960: 66 years and three months
July 6, 1960 – August 5, 1960: 66 years and four months (1)
August 6, 1960 – September 5, 1960: 66 years and five months
September 6, 1960 – October 5, 1960: 66 years and six months
October 6, 1960 – November 5, 1960: 66 years and seven months
November 6, 1960 – December 5, 1960: 66 years and eight months
December 6, 1960 – January 5, 1961: 66 years and nine months (2)
January 6, 1961 – February 5, 1961: 66 years and 10 months (3)
February 6, 1961 – March 5, 1961: 66 years and 11 months
March 6, 1961 – April 5, 1977: 67
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The Government is said to be considering this change, which would affect those who are 54 and under today.
A DWP spokesperson previously told Express.co.uk: “No decision has been taken on changes to the state pension age.
“The Government is required by law to regularly review the state pension age.
“The second state pension age review is currently considering, based on a wide range of evidence including latest life expectancy data and two independent reports, whether the rules around state pension age remain appropriate.
“The review will be published early this year.”
