Will you be one of the millions of workers who will have to work an extra year before retiring after the government announced that it would be extending the retirement age to 68? New plans announced in july this year mean that the rise in the state pension age to 68 will now happen in 2039, affecting people born between 6 april 1970 and 5 april 1978.

The change will affect those born between 6 April 1970 and 5 April 1978.

The rise in the pension age will be phased in between 2037 and 2039, rather than from 2044 as was originally proposed. Those affected are currently between the ages of 39 and 47, but the exact date that you receive your State Pension will depend on the year you were born. This announcement is aimed at catching up with years of increasing life expectancy, even if recent indications suggest that growth has slowed.

Having to wait a year longer

Six million men and women will have to wait a year longer than they expected to get their State Pension, the Government has announced. The announcement was made by the Secretary of State for Work and Pensions, David Gauke.

Waiting for future announcements

The announcement is based on the recommendations of the Cridland report, which proposed the change. The change will affect those born between 6 April 1970 and 5 April 1978. Anyone younger than 39 will have to wait for future announcements to learn what their precise pension age will be.

No exceptional changes to the data

John Cridland also said that the State Pension age should not increase more than one year in any ten-year period, assuming that there are no exceptional changes

to the data used. This would give those generations affected by changes adequate time to save and plan.

Protected for future generations

‘As life expectancy continues to rise and the number of people in receipt of State Pension increases, we need to ensure that we have a fair and sustainable system that is reflective of modern life and protected for future generations,’ Mr Gauke told MPs.

Saving harder for our own retirement

The Government has also committed to regular reviews of the State Pension age in the years ahead, which inevitably raises the prospect of further rises. It seems evident that the Government is taking a gradually declining role in supporting retirement income. A combination of increases in life expectancy, and the growing number of retirees relative to the working age population, means that individuals will now have to save harder for their own retirement.


After April 6 1978


April 6 1970 to April 5 1978

67 years 1 month to 68 years*

April 6 1960 to April 5 1970

66 years 1 month to 67 years*

December 6 1953 to April 5 1960

65 years 3 months to 66 years*


To find out more about the different pensions and savings options open to you, or to discuss your requirements, please contact us.
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