UK Increases State Pension Age to 67 by 2028

The Government of the United Kingdom is increasing the State Pension age from 66 to 67, phasing in the change between April 2026 and April 2028. Eligibility dates for the pension will be determined by an individual's date of birth rather than a flat age threshold. Current legislation also schedules a further increase to age 68 between 2044 and 2046, though this remains subject to future government reviews.

The Work and Pensions Select Committee warned that the increase will not affect all citizens equally. The committee specifically highlighted risks for those unable to remain in employment and called on the government to increase Universal Credit payments for affected 66-year-olds to mitigate potential financial gaps.

Tax expert Andy Wood identified seven vulnerable groups facing significant risks, including individuals in lower-income roles, those with disabilities or poor health, people with caring responsibilities, and those living in deprived areas without significant savings. Wood noted that while the wait may be manageable for those in secure employment, it could create a serious financial gap for those unable to work without sufficient assets.