Business & Finance
DWP confirms State Pension age increase for anyone born after April 6 1960
Key Points
DWP confirms State Pension age increase for anyone born after April 6 1960 The State Pension age will begin rising from 66 to 67, with the DWP laying out twelve timetabled increases - experts say people need to prepare so they won't be caught off guard The Department for Work and Pensions (DWP) has confirmed when the State Pension age will begin rising from 66 to 67, with the increase expected to be completely implemented by 2028. The changes are set to come into force gradually - with...
DWP confirms State Pension age increase for anyone born after April 6 1960
The State Pension age will begin rising from 66 to 67, with the DWP laying out twelve timetabled increases - experts say people need to prepare so they won't be caught off guard
The Department for Work and Pensions (DWP) has confirmed when the State Pension age will begin rising from 66 to 67, with the increase expected to be completely implemented by 2028.
The changes are set to come into force gradually - with twelve timetabled increases laid out by the DWP.
Those born between April 6 1960 and March 5 1961 will reach their State Pension age at 66 years and the specified number of months laid out by the Government department, rather than reaching State Pension age on a specific date.
This planned change to the official retirement age has been scheduled since 2014, with a further rise from 67 to 68 planned to take place between 2044 and 2046.
The Pensions Act 2014 accelerated the increase in the State Pension age from 66 to 67 by eight years with the UK Government also modifying the phasing of the State Pension age rise, meaning that rather than reaching State Pension age on a particular date, individuals born between March 6 1961, and April 6 1977 will be entitled to claim the State Pension once they reach 67.
Experts say people need to prepare for the alterations so they won't be caught off guard financially. All those impacted by modifications to their State Pension age will receive correspondence from the DWP.
The State Pension age is currently 66, climbing to 67 by 2028, and the Government is legally obliged to periodically review the age.
A timetable of when the changes will come into force was published with the Pensions Act 2014. State pensioners can also use the government's State Pension calculator to find out their State Pension age.
The DWP said: "The Pensions Act 2014 brought the increase in the State Pension age from 66 to 67 forward by eight years. The State Pension age for men and women will now increase to 67 between 2026 and 2028.
"The Government also changed the way in which the increase in State Pension age is phased so that rather than reaching State Pension age on a specific date, people born between 6 April 1960 and 5 March 1961 will reach their State Pension age at 66 years and the specified number of months.
"For people born after 5 April 1969 but before 6 April 1977, under the Pensions Act 2007, State Pension age was already 67."
DWP timetable for the State Pension age increase from 66 to 67
- April 6, 1960 – May 5, 1960: 66 years and 1 month
- May 6, 1960 – June 5, 1960: 66 years and 2 months
- June 6, 1960 – July 5, 1960: 66 years and 3 months
- July 6, 1960 – August 5, 1960: 66 years and 4 months
- August 6, 1960 – September 5, 1960: 66 years and 5 months
- September 6, 1960 – October 5, 1960: 66 years and 6 months
- October 6, 1960 – November 5, 1960: 66 years and 7 months
- November 6, 1960 – December 5, 1960: 66 years and 8 months
- December 6, 1960 – January 5, 1961: 66 years and 9 months
- January 6, 1961 – February 5, 1961: 66 years and 10 months
- February 6, 1961 – March 5, 1961: 66 years and 11 months
- March 6, 1961 – April 5, 1977: 67 years