Overview
- The UK State Pension age will increase from 66 to 67 between April 2026 and March 2028 under the 2014 Pensions Act.
- The Department for Work and Pensions (DWP) advises those born from April 6, 1960, to March 5, 1961, to check their State Pension age using the GOV.UK online tool.
- The Office for Budget Responsibility projects £10.4 billion in Treasury savings by 2029-30 due to the age increase, with potential employment and tax revenue benefits.
- A petition led by George Bolgar proposes allowing disabled individuals aged 60+ and unemployed for five years to access their State Pension early, requiring 10,000 signatures for a government response.
- The Triple Lock mechanism ensures annual State Pension increases based on the highest of inflation, earnings growth, or 2.5%, with the current full rate at £230.25 per week.