Chancellor Jeremy Hunt is expected to delay the decision to increase the state pension age to 68 until after the next general election. The state pension age is currently at 66, with a planned increase to 67 by 2028. Reports previously suggested that the Government wanted to bring forward a second rise to 68 from 2044 to the late 2030s, but such plans have been postponed. Is it the right decision? Vote in our poll.
Work and Pensions Secretary Mel Stride is due to make a statement to MPs in the House of Commons on Thursday, March 30, confirming the conclusion of the latest statutory review on the pension age.
He is expected to say that “now is not the time” to disrupt the retirement plans of millions of middle-aged workers. A report by the Daily Express said that a review would be carried out after the next election.
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