State Pension Age Increases Mean Millions Fear They Will Never Be Able to Retire

State Pension Age increases mean millions fear they will never be able to retire

Almost one in three UK workers now fear they will never retire comfortably, with many being able to stop work, according to new research.

State pension alert: Major age increase next month as retirees 'may have to pay tax' on payments soon

A major state pension age is due to take place from next month, with the retirement age set to gradually increase from 66 to 67, marking a significant shift for millions of people across Britain.This comes as analysts warn that retirees are set to face being taxed on their state pension alone from next year due to the impact of fiscal drag.Those born between March 6, 1961, and April 5, 1977 will be affected by this change, becoming eligible to c…