State Pension age is rising in the UK again meaning Brits will be forced to retire later
manchestereveningnews.co.ukThe age at which people can retire and claim Sate Pension is rising again. Millions of people currently rely on State Pension in the UK.
In recent years, the threshold was increased to 66-years-old. However, the Government has changed the way in which the increase in state pension age comes into effect. READ MORE: Parking fines over £50 to be banned under new rules This means that people born between April 6, 1960 and March 5, 1961 will reach their state pension age at 66 years and a certain number of months.
For example, anyone born between May 6, 1960 to June 5, 1960 will reach state pension age at 66 years and two months. In another example, anyone who is born between April 6, 1977 and May 5, 1977 will reach state pension age on May 6, 2044.
The state pension increases each year in line with the highest of average earnings, prices - as measured by inflation - and 2.5 percent.
Read more on manchestereveningnews.co.uk