September 1st, 2017.

The Department for Work and Pensions has published a review into the State Pension age, proposing a new timetable for the rise to 68 years of age, to maintain fairness between generations in line with continuing increases in life expectancy.

Latest projections from the Office for National Statistics show that the number of people over State Pension age in the UK is expected to grow by a third between 2017 and 2042, from 12.4 million in 2017 to 16.9 million in 2042.

Under the proposed new timetable, the State Pension age will increase to 68 between 2037 and 2039, earlier than the current legislation which sees a rise between 2044 and 2046. The change will affect everyone born between the 6th of April 1970 and 5th of April 1978.

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