State Pension Age Rise Brought Forward

Aged between 39 and 47? Prepare to work a year longer before you can claim your State Pension

Emma Wall 19 July, 2017 | 3:18PM
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Britons aged between 39 and 47 will have to wait an extra year before they can claim their State Pension. The Government has today confirmed that the UK State Pension age will be brought forward by seven years to 2037. This means that for those aged between 39 and 47 they will have to wait until they are 68 to claim the new flat rate State Pension – currently £155 a week for those who qualify, or around £8,000 a year.

The announcement came from the Department of Work and Pensions, delivered by the Secretary of State for Work and Pensions MP David Gauke.

“I want Britain to be the best country in the world in which to grow old, where everyone enjoys the dignity and security they deserve in retirement,” he said. “Since 1948 the State Pension has been an important part of society, providing financial security to all in later life. As life expectancy continues to rise and the number of people in receipt of State Pension increases, we need to ensure that we have a fair and sustainable system that is reflective of modern life and protected for future generations.”

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Emma Wall  is former Senior International Editor for Morningstar

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