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State pension age is ready to rise to 68 – when will you have the opportunity to retire? | Personal Finance | Finance

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Traditionally, state pension age was 60 for girls and 65 for men, but significant changes took place. It meant age equalisation occurred for each men and ladies at 65, after which the state pension age subsequently rose to 66.

Nevertheless, this isn’t the tip of the changes which can occur in terms of the state pension age.

At present, two further increases are set in laws – a gradual rise to 67, after which a gradual rise to 68.

The rise to 68 is currently planned for between 2044 and 2046, but this will likely not be the case for long.

The Government is currently consulting on pushing this increase further, and a review is considering if the timetable needs to be brought forward to 2037 to 2039.

READ MORE: State pensioners call for end to ‘two-tier’ payment system

It’s because a default retirement age, or forced retirement at 65, not exists. 

The state pension age is repeatedly kept under review.

It means it could change again in the longer term, with Britons having to adapt to this.

Changes will rely upon various factors reminiscent of life expectancy amongst people within the UK. 

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