Birmingham Live
Birmingham Live
UK · 10 hrs ago

DWP state pension rule change to leave people born before 1977 £16,500 worse off

NewsCost Of LivingDWPYou can start claiming the state pension when you’re 66.06:45, 19 Jul 2026Updated 06:57, 19 Jul 2026A state pension rule change from the Department for Work and Pensions ( DWP ) could leave retirees a whopping £16,500 worse off. Under current rules under the Labour Party government, you can start claiming the state pension when you’re 66.‌But under a pre-planned DWP timetable, the age is gradually rising to 67 by April 2028. It had then been set to increase to 68 between 2044 and 2046, but this will now be fast-tracked under HM Treasury plans released this week.‌The OBR stated that the Government’s “current policy” is that the state pension age will rise to 68 between 2037 and 2039 — seven years earlier. It is also expected that the state pension age will rise again to
Birmingham Live
Do you trust Birmingham Live?
Sign in to rate
Discussion
?

No comments yet — be the first to start the discussion!