A Department for Work and Pensions (DWP) review into the state pension age could see it raised to 68, years earlier than planned. At present, the pension age is set at 66, but reviews are carried out to ensure it is both fair at a time when people are living longer, and affordable for the government.
The age is due to increase from May 2026, with proposals also under consideration to raise the age to 68 much earlier than planned, LancsLive reports. It's currently scheduled to come into force between 2044 and 2046, but it could now be brought forward to 2037 and 2039.
The DWP has previously said the review is needed because “when the State Pension was introduced in 1948, a 65-year-old could expect to spend 13.5 years receiving the benefit, around 23 per cent of their adult life”.
