Overview
- The Department for Work and Pensions will start increasing the state pension age from 66 to 67 in April, with monthly steps completing by early 2028.
- The change affects people born after April 1960, with those born after March 6, 1961 reaching eligibility at 67.
- The Office for Budget Responsibility estimates the reform will save roughly £10 billion by the end of the decade.
- IFS research found the earlier move from 65 to 66 more than doubled relative income poverty for the affected group, rising from about 10% to 24%.
- An independent review is assessing future timings, and experts say a planned rise to 68 could be brought forward, with the political response to 67 seen as pivotal.