State pension age rise could be brought forward by SEVEN years in latest Treasury plans

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The Treasury is reportedly considering bringing forward the increase in the state pension age to 68 by as much as seven years, a move that could affect around five million people.Under current legislation, the state pension age is due to rise from 67 to 68 between 2044 and 2046.However, ministers are reportedly examining an accelerated timetable that would see the increase take effect between 2037 and 2039 instead.If implemented, the change would affect people born after April 6, 1977, meaning they could have to wait an additional year before becoming eligible to claim their state pension.

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TRENDING Stories Videos Your Say No formal decision has been made.Current legislation also requires the Government to provide at least 10 years' notice before any increase to the state pension age takes effect.This means those approaching retirement in the coming years would not be immediately affected.The Office for Budget Responsibility (OBR) has already reflected the earlier timetable in its...

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