Experts have warned that the state pension age could increase to 68 sooner than expected amid concerns about the sustainability of the triple lock.
Currently, the UK Government plans to increase the age at which Brits can claim their state pensions to 67 by 2026, with a further rise to 68 being scheduled between 2044 and 2046.
According to Birmingham Live, Tom Selby, AJ Bell’s director of public policy said: “There is every chance the timetable to 68 will need to be brought forward at some stage, particularly if public finances remain in the doldrums.
Don’t miss out on your State Pension entitlement
The 5 Apr 2025 deadline for paying voluntary National Insurance contributions to fill any gaps between 2006 and 2018 is approaching
Find out how to check for gaps in your National Insurance record https://t.co/FjzLMHZlpV pic.twitter.com/4nrMh1YyUZ
— Department for Work and Pensions (@DWPgovuk) March 20, 2025
“Assuming the bill continues to grow as expected as a result of longer-term life expectancy improvements, it risks placing an ever greater burden on taxpayers.”
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When will I be able to claim my state pension? See the UK Government’s handy calculator
If you’re interested in seeing when you will be able to retire based on current timetables, the UK Government’s handy state pension calculator has you covered.
All you need to do is select the “State Pension age – including Pension Credit qualifying age” option before entering your date of birth.
After confirming these answers, the website will tell you the year you should be able to claim your state pension as well as the age you’ll be when this is permitted.
There are also options to see the projected amount you’ll receive when you retire.
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