Pension Changes

Monday, September 25, 2017 | benefits, information

The Government is bringing forward the plan to increase the pension age. People who reach pension age between 2037-39 will be able to retire when they are 68.

The government is doing this because the cost of pensions is getting much greater, because people are living longer.

For people closer to retirement by November 2018 the pension age between men and women will be equalised to 65.
From November 2018- November 2020 retirement age will move from 65 to 66, and to 67 from 2026-2028.

If you want to check on how this effects you, people coming up to retirement in the next 20 years can check how the law applies to them on the government website, here