The retirement age keeps creeping up. In the UK, the state pension is currently paid to people at 66, but that’s set to rise to 67 in the next couple of years, and a move to 68 might come sooner than previously planned after the government launched a review.



Summary

Retirement ages are increasing, impacting when people can access state pensions. The UK currently pays state pensions at age 66, but this is scheduled to rise to 67 soon. A recent government review suggests accelerating the increase to age 68. This shift is driven by factors like increasing life expectancy and financial pressures on pension systems, forcing individuals to work longer before receiving state support. The change’s timeline remains uncertain, pending the review’s outcome, but it signals a trend towards later retirement across developed nations.

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