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Daily Record
Daily Record
Lifestyle
Linda Howard

New State Pension age review may mean people need to work longer before they can retire

State Pension DWP UK Government

The Department for Work and Pensions (DWP) recently launched a second review of the State Pension age, which is now 66 for both men and women across the UK.

The State Pension age is regularly reviewed to make sure that it is affordable and fair as people are living longer and spending a greater proportion of their adult life in retirement than in the past.

The DWP has previously explained the reason for the review is 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".

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