Changes to State Pension Age Affecting Individuals Born Between 1961 and 1977
DWP state pension age changing for older people born in these years
Image: Birmingham Live
The UK Department for Work and Pensions is adjusting the State Pension age for individuals born between March 6, 1961, and April 5, 1977, raising it to 67. This change, part of a broader increase expected to fully implement by 2028, follows the Pensions Act 2014.
- 01The State Pension age will rise from 66 to 67 for individuals born between March 6, 1961, and April 5, 1977.
- 02The increase to 68 is scheduled to occur between 2044 and 2046 as per the Pensions Act 2007.
- 03Regular reviews of the State Pension age are mandated every five years under the Pensions Act 2014.
- 04Life expectancy and other factors will inform future adjustments to the State Pension age.
- 05Any proposed changes to the State Pension age must be approved by Parliament.
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The UK Department for Work and Pensions (DWP) is set to raise the State Pension age for individuals born between March 6, 1961, and April 5, 1977, to 67. This adjustment is part of a broader plan that aims to fully implement the increase by 2028, following the rise from 66 to 67 that took effect in April. The Pensions Act 2014 fast-tracked this change, which was originally slated for a later date. Additionally, a further increase to 68 is planned between 2044 and 2046, as stipulated by the Pensions Act 2007. The DWP is required to review the State Pension age every five years, taking into account factors such as life expectancy. Any recommendations from these reviews will need parliamentary approval before being enacted. Individuals can check their specific State Pension age online, which may differ from the age at which they can access other pension types.
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The rise in State Pension age will affect retirement planning for individuals in the specified birth years, potentially delaying their access to pension funds.
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