Timetable for State Pension age increase to 66 confirmed

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Among the announcements by the Chancellor in the Spending Review on 20 October was the decision to bring forward the schedule for increasing the State Pension age for women to 65 and for both men and women to 66.

The changes in the timetable from April 2016 onwards have been published on the Directgov website and, we are pleased to say, the dates match those that we provided in our immediate coverage of the Spending Review.

Full details of the results of the Government’s consultation on bringing forward the rise in the State Pension age have also been issued separately by the Department for Work and Pensions (DWP) in a new document A sustainable State Pension: when the State Pension age will increase to 66.

The five-year timetable is reproduced again below.  The State Pension age (SP Age) column has been modified to show that an individual’s age on reaching the new State Pension date varies by up to one month.  (The figures in that column are years and months.)  Although our dates have been confirmed, the changes are still technically proposals, subject to Parliamentary approval.

1. The new table is the current table up to including women born between 6/3/52 and 5/5/52, seeing a progressive increase in state retirement age from 60 to 65. State retirement age for men remains at 65 until 06/11/2018
2. From that point forward, state retirment age increase for women accelerate. Effectively it brings the 65 retirement age forward from 2020 to 6/11/18 when state retirement age for both men and women will be 65
3. From that point forward state retirement age for both men and women increases from 65 to 66 by 2020

Further information:

Proposed changes to State Pension age

A sustainable State Pension: when the State Pension age will increase to 66

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This entry was posted on Friday, November 12th, 2010 at 16:06 and is filed under Pensions, retirement. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.