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Britain’s State Pension Age 'Ticking Time Bomb' as Healthy Life Expectancy Falls
The pension age rises from 66 to 67 for those born after April 6, 1960, with further increases to 68 planned by 2046 due to longer life expectancy, experts say.
- From April 6 this year, the UK raises the State Pension Age to 67 for people born between April 6, 1960, and March 5, 1961, affecting those born on or after April 6, 1960.
- Experts warn that official data show healthy life expectancy has fallen and is now at its lowest in more than a decade, with rising costs straining the state pension system.
- Nearly one in seven UK adults has never checked their pension and almost half cannot estimate their retirement pot, prompting financial advisers to recommend boosting private pension schemes before retirement.
- Immediate effects include many workers affected being too unwell to work but below pension age, while future cohorts born on or after April 1977 face a scheduled rise to age 68 between 2044 and 2046, possibly earlier in 2037–2039.
- Historically, the UK’s pension system evolved from a 1908 means-tested scheme to the 1948 contributory system, with experts warning that raising pension ages risks fairness and fairness.
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