The Government is coming under increasing pressure to slow the increase of the state pension age. The state pension age will move to 67 between 2026 and 2028 and then to 68 between 2044 and 2046 under current legislation. The Department for Work and Pensions (DWP) is due to publish its second review into whether its schedule remains appropriate in May 2023, including a decision on whether the increase to 68 should take place seven years earlier.
As the Government considers a rapid age rise to 68, a study by pensions consultants Lane Clark & Peacock in December found that stalling life expectancy means the state pension age should not change for more than two decades.
Money Mail analysis also suggests that a growing health and wealth gap means any hike to the retirement age will hit northern regions harder.
Sarah Taylor, 61, will be affected by the policy, and will now get hers when she is around 66 and nine months.
The extra nine-month wait will see Sarah, from Tunbridge Wells in Kent, miss out on more than £6,000.
She told This is Money: “As a Sixties baby, we all had expectations…