"If the life expectancy is younger than the age of retirement, something is going wrong"
Even when they do retire, the money is not enough to live on because the cost of living has gone up so much. He added: “It is not really possible for us in the construction industry to work to that age. And life expectancy is going to go down, if people can’t afford to eat or keep themselves warm.” Louise said: “We are going to end up working until we die. Builder Alex Johnston, 24, said the government’s pension plan was “bonkers”. [Bloomfield ward](https://www.lancs.live/all-about/blackpool), in the shadow of Blackpool's football ground, the average life expectancy of men is just 67 years and three months.
Blackpool residents are fuming as the government discuss plans to increase the state pension age to 68 while their average life expectancy age for men is ...
Even when they do retire, the money is not enough to live on because the cost of living has gone up so much. Louise added: “We are going to end up working until we die. "It is not really possible for us in the construction industry to work to that age. And life expectancy is going to go down, if people can’t afford to eat or keep themselves warm.” Even when people do get their pensions they still have to live modestly most of the time. Inside Blackpool's Bloomfield ward the average life expectancy of men is only 67 years and three months, the
In Blackpool's Bloomfield ward, the average life expectancy for men is just 67 years and three months.
How to watch GB News: We're live on TV on Virgin channel 604, Freesat 216, Sky 512, Freeview 236, YouView 236. - It is wrong.
The current UK state pension age is 66, which is planned to go up to 67 in four to six years' time.
[state pension age](https://www.glasgowtimes.co.uk/news/23272143.state-pension-under-attack-plans-raise-retirement-age-early/). [state pension age](https://www.glasgowtimes.co.uk/news/23272143.state-pension-under-attack-plans-raise-retirement-age-early/) have disrupted people’s financial planning. [state pension age](https://www.glasgowtimes.co.uk/news/23272143.state-pension-under-attack-plans-raise-retirement-age-early/) and the second State Pension Age Review is currently considering, based on a wide range of evidence including latest life expectancy data and two independent reports, whether the rules around state pension age remain appropriate. [state pension age](https://www.glasgowtimes.co.uk/news/23272143.state-pension-under-attack-plans-raise-retirement-age-early/) is 66, with this being due to rise to 67 by 2028. [state pension age](https://www.glasgowtimes.co.uk/news/23272143.state-pension-under-attack-plans-raise-retirement-age-early/) remain appropriate will be published early this year. [state pension](https://www.glasgowtimes.co.uk/news/23272143.state-pension-under-attack-plans-raise-retirement-age-early/) – we have fewer working age people supporting an increasing ageing population and costs are enormous.
It is claimed the Treasury wants the change for as early as 2035 – affecting those age 54 and under.
An increase to 65, phased in between 2010 and 2020, was included in the The financial impact of an accelerated SPA rise to 68 would depend on the timing. In the current 2022-23 tax year, the full “new state pension” – for those who became pensioners after 6 April 2016 – is £185.15 a week. The full “basic state pension”, for those who reached SPA before that date, is £141.85 a week. The next increase, to 68, is not due to happen until between 2044 and 2046, affecting those born after April 1977. For those born after 5 April 1960, there will be a phased increase in SPA to 67, and eventually 68.
Retirement age was not supposed to increase until 2046, but now it could happen during the 2030s.
The review argued the state pension age should hit 68 between 2037 and 2039 due to people living longer. What's your thoughts on the State Pension age increasing? The current state pension age for women and men retiring now is 66, but it will rise to 67 between 2026 and 2028. That would be especially true of people in the most deprived areas of the country where life expectancy is already lower.” The increase to 68 was not due to kick in until 2046, however a review in 2017 called for this to be brought forward. The state pension could be set to rise to 68 by the end of the 2030s, a move which could see millions having to work longer.
It is becoming increasingly likely that the State Pension Age (SPA) will rise from 66 for both men and women in the UK. Some experts suggest an announcement ...
Currently, in 2028 the planned SPA is 67, then between 2044-2046 it will be 68 years old. Born after April 6 1977 It is becoming increasingly likely that the State Pension Age (SPA) will rise from 66 for both men and women in the UK. - a woman born on or after 6 April 1953 The head of retirement policy at AJ Bell, Tom Selby, has warned: "Rishi Sunak will be playing with political fire. - a man born on or after 6 April 1951
Currently, the state pension age for retirees is 66, but, this will rise to 67 between 2026 and 2028. An additional increase to 68 wasn't due to take place ...
The full basic state pension is worth £141.85 per week - this is rising to £156.20 from April 2023. Currently, the state pension age for retirees is 66, but, this will rise to 67 between 2026 and 2028. You can also use your [state pension forecast](https://www.gov.uk/check-state-pension) to work out how much money you'll receive. The review into when it will rise in the future is set to be published by May 7, however an exact date for its publication is yet to be announced. You can claim the basic state pension if you’re: You claim the new state pension if you’re: However, any changes must be approved by Parliament before it becomes law. The full new State Pension is worth £185.15 per week. The state pension is a separate form of pension from the private and workplaces ones you may have. An exact timetable for when the state pension age will rise is yet to be published, and currently, we don't know what the next review into the state pension age will reveal. The state pension age dictates the earliest age someone can claim their state pension. A review into the state pension age is set to be released in the coming months.
A review into the state pension age is due to be published in the coming months which will look at whether the current timetable for when someone can retire ...
They said it was pure speculation and said the statutory review had not yet been completed. However in April, the basic state pension will increase to £156.18, and the full state pension will rise to £203.85, after the But they argued this was not backed up with evidence. You can check to see how much state pension you should receive on the - You are employed and earning between £123 and £190 a week (2022 to 2023) from one employer and are treated as having paid NI contributions [basic state pension is £141.85 per week](https://www.gov.uk/state-pension), while the full state pension is £185.15 per week. - You are employed and earning over £190 a week (2022 to 2023) from one employer and paying NI contributions [ state pension age](https://inews.co.uk/topic/state-pension-age?ico=in-line_link), and how the [change could affect you](https://inews.co.uk/opinion/raising-state-pension-age-tory-election-chances-2007234?ico=in-line_link). [ review into the state pension age](https://inews.co.uk/news/politics/state-pension-age-falling-life-expectancy-2002286?ico=in-line_link) is due to be published in the coming months, and will look at whether the current timetable for [when someone can retire](https://inews.co.uk/inews-lifestyle/money/pensions-and-retirement/state-pension-age-increase-will-uk-retirement-rise-68-explained-2103517?ico=in-line_link) is fair. [The Government has denied reports](https://inews.co.uk/news/politics/state-pension-age-government-decision-increase-retirement-age-68-2103104?ico=in-line_link) it is planning to [raise the official age of retirement ](https://inews.co.uk/inews-lifestyle/money/pensions-and-retirement/state-pension-age-retirement-when-change-happen-1899382?ico=in-line_link)earlier [than scheduled](https://inews.co.uk/inews-lifestyle/money/pensions-and-retirement/state-pension-age-set-to-increase-to-68-sooner-than-expected-under-new-government-plans-2103345?ico=in-line_link) [, ](https://inews.co.uk/inews-lifestyle/money/pensions-and-retirement/state-pension-age-retirement-when-change-happen-1899382?ico=in-line_link)meaning people would have to work longer before they [receive their state pension](https://inews.co.uk/inews-lifestyle/money/pensions-and-retirement/state-pension-age-explained-when-get-uk-increase-2011991?ico=in-line_link). The state pension age is next due to increase in 2028, when it will rise to 67. “The Government is required by law to regularly review the state pension age and the second state pension age review is currently considering, based on a wide range of evidence including latest life expectancy data and two independent reports, whether the rules around state pension age remain appropriate.
The retirement age is currently set to rise to 67 by 2028, and the next rise was not due until 2046. But that could be brought forward as the Treasury looks to ...
Planning for retirement is difficult when the state pension regime is up in the air.” The state pension makes up the biggest component of all welfare spending by the government, at 42%. “Expectations of future life expectancy increases have also plummeted. “Britons will have to do most of the heavy lifting to ensure a healthy income at retirement. By 2019, this had jumped to 79 and 83 respectively. “The big question is whether No.10 agrees this exchequer boost is worth the inevitable pain at the ballot box… But that could be brought forward as the Treasury looks to raise revenue. For example, back in 2014 the ONS thought that by 2028 – when the state pension age will rise to 67 – the average life expectancy for a 67-year-old man would be 21.1 years, while for a woman it was expected to be 23.1 years. Pushing the state pension age up would save billions of pounds - a tempting prospect at a time when government borrowing is at a 30-year high - and this is something that will be considered in the state pension age review. But if the government brings the increase in retirement age forward more quickly, to between 2033 and 2035, anyone born from 6 April 1967 and onwards would have a state pension age of 68. “The government is required by law to regularly review the state pension age and the second state pension age review is currently considering, based on a wide range of evidence including latest life expectancy data and two independent reports, whether the rules around state pension age remain appropriate.” Proposed changes to the retirement age could see millions of people born in the 1970s and later having to work for longer to be able to access their