Recent research on planned retirement ages has produced some unexpected and perhaps unrealistic results.
The next increase in State Pension Age (SPA) to 67 will start to take effect in about two years’ time. Under current legislation the move to a SPA of 68 begins in April 2044, but that timing could change. Seven years ago, a report commissioned by the Department for Work and Pensions (DWP) suggested that phasing in for SPA 68 should start from 2037. However, the government decided it would wait until after the then imminent general election before initiating another review and making a final decision.
That fresh review was published in 2023 and suggested a start date of April 2041 for SPA 68. In a fine piece of déjà vu, the government responded with…
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