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DWP State Pension Age warning as retirement age changes today - full list of dates
The phased increase reflects longer life expectancy and rising costs, though experts warn of financial pressures from frozen tax allowances and higher living expenses.
- People born between 6 July 1960 and 5 August 1960 are the latest group affected by today's State Pension age increase, now reaching retirement at 66 years and four months instead of 67.
- Chancellor of the Exchequer Rachel Reeves oversees this phased increase between May 6, 2026 and April 6, 2028, designed to reflect longer life expectancy and rising public costs across Britain.
- Derence Lee, Chief Finance Officer at Shepherds Friendly, warned that with the frozen personal allowance at £12,570, "more retirees are edging dangerously close to paying income tax on their State Pension."
- Experts recommend those approaching retirement look beyond the State Pension alone, exploring Workplace pensions, Private pensions, ISAs, and Pension Credit to supplement income.
- Lee added: "By preparing today, pensioners give themselves the best chance to ensure their income keeps pace with costs and maintain a sense of financial stability.
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Telegraph & Argus+23 Reposted by 23 other sources
DWP State Pension Age warning as retirement age changes today - full list of dates
The latest State Pension age increase has come into force, meaning more people will now have to wait until they reach 67 before they can retire.
·Bradford, United Kingdom
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