State Pension age
In January 2013 the Government published a White Paper, The single-tier pension: a foundation for saving, which proposed a simple, single-tier state pension to help people understand what they need to save for their retirement. The Government also proposed a regular and structured method for considering future rises in the State Pension age.
It is proposed that State Pension age be reviewed every five years, the first of which will take place in the next Parliament, which begins in 2015. The review will be based around the principle that people should spend a given proportion of their lives receiving a State Pension.
The Government has announced that there will be no further changes to the State Pension age beyond those announced in this Parliament.
Any future changes to State Pension age will, as now, require primary legislation and will remain subject to the full scrutiny of Parliament.
State Pension age calculator
The GOV.UK website hosts a State Pension age calculator, which tells people when they will reach their State Pension age, based on their date of birth and gender.
- State Pension age calculator (GOV.UK)
State Pension age timetable
A timetable of legislated and announced changes to State Pension age is provided below.
- State Pension age timetable (55KB)
Impact Assessments
In his 2011 Autumn Statement, the Chancellor announced that the Government intended to bring forward the increase in State Pension age to between 2026 and 2028. An impact assessment was produced in December 2011.
An updated version of this impact assessment was produced and released alongside the draft Bill, in January 2013:
The original impact assessment, published in December 2011, can be found below:
