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State Pension age rises to 67 - who will be hit hardest as retirement age goes up?
A tax expert warned the change could leave people in lower-paid work, poor health or caring roles facing a financial gap before pension payments begin.
The State Pension age is rising from 66 to 67, with the Government phasing in this change between April 2026 and April 2028. Eligibility now depends on an individual's date of birth rather than simply reaching their 66th birthday.
For people born between 6 April 1960 and 5 March 1961, the transition is not happening overnight. Someone born on 31 July 1960, for example, is expected to reach State Pension age at 66 years and four months.
Seven groups face particular pressure from the change, including those in lower-income roles, people with health conditions or caring responsibilities, and those without significant savings. These circumstances frequently overlap, compounding financial vulnerability.
Tax Barrister Andy Wood warned the delay creates a "serious financial gap" for those unable to work, potentially forcing reliance on Universal Credit or early retirement savings withdrawal. The Pensions Committee called on the Government to increase Universal Credit support.
Under current legislation, the State Pension age is due to rise again to 68 between 2044 and 2046. However, that timetable could still change following future Government reviews.