🚨 Big News for Future Pensioners! 🚨
Starting this April, the State Pension age in the UK begins its gradual rise from 66 to 67, with changes fully in place by 2028. If you’re born between 6 March 1961 and 5 April 1977, this affects you! 📆
Why the shift? Well, it’s all part of plans set back in 2014 aimed at adjusting retirement ages to match increasing life expectancies. And there’s more – the pension age could jump to 68 between 2044 and 2046! 🤔
Expect a letter from the Department for Work and Pensions (DWP) if these changes affect your retirement plans. And don’t forget to keep an eye out for Government updates as a new Pension Commission gears up to rethink how we save for the future. 💬
What’s next? Reviews every five years will help decide just how long we should spend in happy retirement compared to working life. Experts like Dr Suzy Morrissey are on the case to make sense of it all. 🕵️♀️
Meanwhile, you can plan ahead with the online tool at GOV.UK. Check when you’ll hit your State Pension age, your Pension Credit qualifying age, and even when you can snag free bus travel. 🚍
Share your thoughts on these changes and let us know how this will impact your plans! 📣
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