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State pension age increases THIS WEEK as DWP rule change slammed: 'Not everyone can work longer!'
May 6, 2026
Posted 2 hours ago by
The state pension age has begun its gradual climb from 66 to 67 this week, with analysts warning that not everyone can work longer under the rule change.Under the staggered hike to the threshold, anyone born on or after April 6, 1960 will be affected by this change, which will be fully implemented by early 2028.An independent review commissioned by the Department for Work and Pensions (DWP) examining the framework for future increases beyond 67 is also currently taking place.The state pension age is the earliest point at which individuals can access their retirement benefits, making it a crucial factor in determining the finances of older Britons.The Office for Budget Responsibility (OBR) calculates that raising the pension age from 66 to 67 will deliver net savings of £10billion annually by the end of the parliament.Notably, the bulk of these savings stems from reduced pension payments to fewer recipients, supplemented by additional tax revenue as more people remain in work.Higher spending on working-age DWP benefits, including Universal Credit and Personal Independence Payments (PIP), partially offsets these gains.A man born in 1920 who reached 65 could anticipate roughly 15 years of retirement, whereas someone born in 1950 can expect approximately 19 years above the state pension age.LATEST DEVELOPMENTSState pension age rises to 67 with millions facing delayed retirementPensioners can save £150 on energy bills in just 16 minutesState pension 'nightmare' as Tony Blair slammed over triple lock axe proposalLily Megson-Harvey, the policy director at My Pension Expert, said: While the state pension age rising to 67 may feel like the goalposts are shifting, it’s important to remember that people can still take control of their retirement.Not everyone can simply work longer, particularly those in physically demanding roles or facing health challenges.
So, as the age rises and the focus shifts, we're likely to see private and workplace pensions bear even more responsibility for people to retire on their own terms. That’s why making use of the support available is so important when planning for later life. Clear information and improved access to advice continues to be as valuable as ever. These can help savers bridge the gap between when they want to retire and when they can access their State Pension, giving greater certainty about their financial future.For those navigating this changing landscape, Ms Megson-Harvey's advice recommends several practical measures that can provide reassurance and clarity.Reviewing your State Pension Forecast offers insight into what you can expect to receive. The Pension Tracing Service can help locate any forgotten or lost pension pots accumulated over a working lifetime.Furthermore, the retirement expert suggests seeking professional financial advice remains valuable for bridging the gap between desired retirement timing and state pension access.She added: Retirement may be evolving, but with the right support and early action, people can still shape it on their own terms. Our Standards: The GB News Editorial Charter
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