The State Pension age is rising this week for millions of Britons as the gradual increase from 66 to 67 begins. Anyone born on or after April 6, 1960 will be affected by this change. The current wave of increases will conclude in 2028.
Expert Advice on Retirement Planning
Lily Megson-Harvey, policy director at My Pension Expert, commented: "While the state pension age rising to 67 may feel like the goalposts are shifting, it is 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 are likely to see private and workplace pensions bear even more responsibility for people to retire on their own terms."
She added: "That is 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."
Additional State Pension Boost
State pensioners born before 1951 are having their basic rate boosted thanks to the Additional State Pension. The weekly payment from the Department for Work and Pensions at a basic rate is £184.90 per week for the 2026/27 tax year. The DWP basic state pension is applicable to men born before April 6, 1951 and women born before April 6, 1953. Crucially, there is a way to increase this by £230.54 through the Additional State Pension.
