The state pension age is increasing starting today, impacting numerous future retirees. Currently set at 66, the state pension age for both men and women will gradually rise to 67, commencing on April 6, 2026, affecting individuals born between April 6, 1960, and May 5, 1960. Those born within this timeframe will need to wait until they reach 66 years and one month to claim their state pension. The transition to a state pension age of 67 will occur incrementally, with completion expected by April 2028.
Plans are also in place for a further increase in the state pension age to 68 between April 2044 and April 2046, impacting individuals born from April 1977 onwards. Despite calls for an expedited implementation, a decision on this matter has been postponed.
To determine your state pension age, refer to the timetable based on the Pensions Act 2014, which correlates your birthdate with the age at which you can claim your state pension. You can easily check your state pension age on GOV.UK by entering your date of birth.
As of next week, the state pension will see a 4.8% increase in line with the triple lock mechanism. This ensures that the state pension rises each April, either in alignment with earnings growth from May to July, inflation in September, or a minimum of 2.5%.
The full new state pension will see a weekly increase from £230.25 to £241.30, while the old basic state pension will rise from £176.45 to £184.90 per week. Note that these amounts represent the full state pension entitlements, which may vary based on your National Insurance contribution history.