Autumn Statement 2011 Pension Age 67 Earlier Start
Published / Last Updated on 29/11/2011
Autumn Statement 2011 - Pension Age 67 Earlier Start.
The Chancellor, George Osborne, has confirmed that as part of austerity measures, the state pension age for the UK will increase to age 67 from an earlier date.
Originally, proposals were that state pension age would increase from 2034 for men and 2036 for women, i.e. those aged 40 and above.
However, the new 67 state pension age will start in 2026, meaning all those below age 52 today are affected.
Already, plans are in place to increase state pension age to 66, then 67 and 68. This new move means more will be affected earlier than anticipated.
We will need to work longer or save harder to be able to retire early.