Thinking of retiring at 66? You may need to reconsider. Millions of UK residents will soon have to wait longer to claim their state pension, as the government is set to raise the qualifying age from 66 to 67.
The change, legislated in the Pensions Act 2014, will be phased in over two years, beginning in 2026 and fully implemented by 2028, as reported by the Daily Express. Those born between 6 March 1961 and 5 April 1977 will be directly affected. While the Department for Work and Pensions (DWP) will notify impacted individuals by letter, experts advise checking your eligibility now to avoid any future income gaps.
