News UK

State pension age starts rising to 67 – here’s how much you get and when

Charities have said the pension age increase will have a far greater impact in areas where forecasts for a healthy older age are much shorter, and will hit those on lower incomes harder.

Official statistics suggest men in Wokingham, Berkshire, can expect to be in good health until the age of nearly 70, and nearly 71 for women. That compares with nearly 52 for men in Blackpool and nearly 53 for women in Barnsley.

“The people most affected are often those least able to adjust through staying in work or drawing on other savings, for example those already out of work or in poor health,” said Laurence O’Brien, senior research economist at the Institute for Fiscal Studies, an independent think tank.

“There is a good case for future increases to the state pension age to come alongside targeted financial support for most affected groups.”

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button