The state pension age in the UK will officially increase from 66 to 67 next year, impacting millions of workers who must wait longer for retirement. The exact date of birth will determine when individuals can claim their pension, with some facing a delayed retirement by a month. This change has been planned since 2014, affecting both men and women equally. Current legislation indicates a future rise to age 68 between 2044 and 2046, with potential for earlier adjustments depending on Labour's pension review announcement.
Increasing the state pension age affects millions of workers who must wait longer for retirement, now officially rising from 66 to 67 next year.
Some individuals may delay retirement by a month based on their exact date of birth, impacting their pension claims.
Current legislation will raise the state pension age from 67 to 68 between 2044 and 2046, with potential changes from the upcoming Labour pension review.
This adjustment to the pension age influences both men and women equally, although individuals can choose to retire earlier if they have private pensions.
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