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Nottingham Post
Nottingham Post
National
John Stevens

State pension age could rise to 68, costing millions of people £10,000

Mel Stride

A government cabinet minister pointed to the 'pretty hairy' state of public finances as he admitted the state pension age could be raised. Work and Pensions Secretary Mel Stride confirmed a decision is expected to be made within the next six months.

Currently, the state pension age for men and women is 66, but this is set to rise to 67 by 2028. But The Mirror reports it could rise to 68 as early as 2033, much sooner than the Government previously said it would, by 2039.

Raising the age would cost millions of people currently aged between 51 and 57 up to around £10,000 each. Mr Stride yesterday suggested the pension age could go up even though life expectancy is not increasing.

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