State Pension age could increase to 68, 7 years early

A fair haired couple in their early 40s, arm in arm and smiling with sunlight in the distance.


MoneyPlus Features Team

22nd July 2017 at 6:00am

Plans to move the State Pension age from 67 to 68 for some could be brought forward by seven years. Those born between 6 April 1970 and 5 April 1978 – 39-47 year olds – may now have to wait a year longer to claim their State Pension, currently worth over £8,000 each year.

The change is still under review

The State Pension Age Review, which could affect millions of people, reflects increasing life expectancy and follows on from recommendations made in the government-backed Cridland report in the Spring, which we wrote about in The future of the State Pension: Is 70 the new 60?

For many, certainty around when they will get the State Pension is an important part of their future plans, as David Downie, pensions expert at Standard Life, explains:

“Life expectancy remains on the increase, albeit at a slower pace than before. More than six million people may be affected by a change.

Life expectancy remains on the increase

“They face a choice of working longer or saving more. Anyone who still plans to retire earlier than 68 may consider choosing to increase their savings levels and using the flexibility of pension freedoms to plan how they can bridge the gap between when they’d like to retire and when the State Pension kicks in.

We’d recommend it might be a good time to get guidance or financial advice from an expert when taking decisions about their financial future.”

The change is still under review

It’s worth highlighting this isn’t certain yet. The government is to carry out a review and consider the latest life expectancy projections before legislating to bring forward the rise.

Get to know your State Pension age

The age at which you can claim the State Pension has been changing for some years. It will be evened out so that both men and women will receive it from age 65 by 2018. The pension age will then rise to 66 by 2020 and 67 in 2028 as expected.

Find out your State Pension age on

This information is based on our understanding in July 2017.