The Department for Work and Pensions has announced that it will be raising the age at which people can claim their State Pension.
The UK Government department revealed that, for everybody born after April 5, 1960, the age at which the State Pension can be claimed will be increased from 67 to 68 between 2044 and 2047 for both men and women.
This means that people born between April 6, 1960 and March 5, 1961 will reach their State Pension age at 66 years and a certain number of months.
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For example, anyone born between May 6, 1960 to June 5, 1960 will reach State Pension age at 66 years and two months.
In another example, anyone who is born between April 6, 1977 and May 5, 1977 will reach State Pension age on May 6, 2044.
State Pension claimants may also be entitled to receive the Additional State Pension, which is extra money on top of the basic State Pension.
The State Pension rises every year in accordance with the highest of average earnings, prices and 2.5 percent under the triple lock — although this has been paused for 2022-23.
Starting October 6, 2020, the State Pension age was set as 66 for both men and women, with the UK Government stating that it would reassess the age at least once every five years.
A review carried out in 2017 indicated that the phased rise to the State Pension age should be introduced between 2037 and 2039.
However, any proposals to carry this out would need to pass through parliament before becoming law.
The age at which people can claim the State Pension has been gradually rising as average life expectancy increases.
