The government has finally set a date for when the private pension age will increase by two years.
While plans are already in place for the state pension age to rise from 66 to 67 by 2028, then to 68 afterwards, there wasn't much in place for those with a private pension. Government legislation for state pension will see a gradual rise to 67 for those born on or after April 1960; and a gradual rise to 68 between 2044 and 2046 for those born on or after April 1977.
However, private pensions can only be accessed once you turn 55. The normal pension age (NMPA) which determines when you access a private pension is set by the government, according to Leicestershire Live.
