Increases in State Pension age….
Millions will now have to work an extra year before getting their State Pension. Increases to age 68 are now applicable to many.
To put this in perspective, when the State Pension was introduced in 1908 the Government would have only expected to pay the State Pension for an average of 9 years. It’s now 20 years that the Government can expect to have to pay the State Pension for!
The cost of the State Pension is massive. The Government has overspent. The housekeeping exercise means that something has to give!
Have you got enough money to retire on if the Government keep changing the goalposts?
Find out your State Pension age at:-