"The state pension is the bedrock upon which millions of Brits build their retirement plans. However, the sands are shifting, with a long-trailed hike in the state pension age to 67 kicking off from April this year and completing in 2028."
"An individual's exact date of birth will affect when they can start claiming, with some having to delay their retirement by a month compared to someone born just a day earlier."
The state pension age in the UK will officially rise from 66 to 67 beginning in April 2026, impacting millions of workers. The change, set since 2014, will require some individuals to delay retirement based on their birth date. While early retirement is an option for those with private pensions, the state pension age remains the earliest for government-provided pensions. Tom Selby from AJ Bell emphasizes the importance of the state pension in retirement planning, noting that the transition may cause confusion for many affected individuals.
Read at www.independent.co.uk
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