The following tables show how the legislated increases in State Pension age will be phased in. A
State Pension age calculator is provided on the Gov.uk website. This calculator tells people when they will reach their State Pension age, under current legislation, based on their gender and date of birth.
The Pensions Act 2014 provides for a regular review of the State Pension age, at least once every five years. The Government is not planning to revise the existing timetables for the equalisation of State Pension age to 65 or the rise in the State Pension age to 66 or 67. However the timetable for the increase in the State Pension age from 67 to 68 could change as a result of a future review. Before any future changes could become law Parliament would need to approve the plans.
There is more information about claiming the State Pension, and how to get a State Pension Statement, available here
Changes under the Pensions Act 2011
Under the Pensions Act 2011, women’s State Pension age will increase more quickly to 65 between April 2016 and November 2018. From December 2018 the State Pension age for both men and women will start to increase to reach 66 by October 2020.
Increase in State Pension age from 66 to 67 under the Pensions Act 2014
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.
For the purposes of calculating an individual’s State Pension age the following applies:
Increase in State Pension age from 67 to 68 under the Pensions Act 2007
Under the Pensions Act 2007 the State Pension age for men and women will increase from 67 to 68 between 2044 and 2046.
The Pensions Act 2014 provides for a regular review of the State Pension age, at least once every five years. The review will be based around the idea that people should be able to spend a certain proportion of their adult life drawing a State Pension. The first review must by completed by May 2017. As well as life expectancy, it will take into account a range of factors relevant to setting the pension age. After the review has reported, the Government may then choose to bring forward changes to the State Pension age. Any proposals to do so would, like now, have to go through Parliament before becoming law.
The Government is not planning to revise the existing timetables for the equalisation of State Pension age to 65 or the rise in the State Pension age to 66 or 67. However the timetable for the increase in the State Pension age from 67 to 68 could change as a result of the review.
In the Autumn Statement on 5 December 2013, the Chancellor announced that this Government believes that future generations should spend up to a third of their adult life in retirement. This principle implies that SPa should rise to 68 by the mid-2030s, and 69 by the late 2040s. However, the Government is not currently legislating for this change – these dates are indicative only, showing a general direction of travel for future SPa changes.
The information in the table below is based on the current law.