The age at which a UK state pension can be drawn is one of the highest in the developed world. And now the government is planning further increases, and to introduce a five-yearly review, aimed at linking increases to state pension with life expectancy. The 68 is too late campaign believes that UK state pension age is too high already, and that any further changes to state pension age should be opposed.
By 2050 the UK will be one of only five European countries to have a state pension age of 68. If you are aged 59 or under, you will have to work until 66 and those aged 45 and under won’t get a state pension until they’re 67.
New government proposals in the Pensions Bill 2013, will mean that if you're 51 or under you'll have to wait a further year - until you're 67 - to receive your your state pension. A five-yearly review of state pension age will be introduced, which is intended to link state pension age with changes in longevity and could mean that someone leaving school today will not get a state pension until well into their 70s.
People are living longer, but in Europe, and in the USA, Canada, Australia, governments are not planning to raise their state pension age as far and as fast as in the UK.
We have the eighth biggest economy in the world, but British workers will have to wait far longer for their pension than in many smaller and poorer countries.
Many occupational pension schemes, including all public sector schemes, will in future, only pay out in full at state pension age. So these increases could affect more than your state pension, forcing you to work longer, face pension cuts or years on benefits.
68 is too late
Ask your MP to vote against increases in state pension age