MINISTERS are preparing to raise the pension age for millions of people to 68 in the next decade.
Liz Truss said making workers stay in their jobs for longer before accessing their pots was “a decision which is yet to be made”.
Brits can start taking out their private pensions from the age of 55 under plans brought in by ex-Chancellor George Osborne, but to get state cash they must wait far longer.
The current UK state pension age is 66 for both men and women, and will go up to 67 by 2028.
Under the current plans, it will not go up to 68 until 2046 — which means it will affect anyone born after 1977.
But The Sun understands ministers are preparing to bring it forward to the mid 2030s — with experts predicting they could land on 2035.
And they are expected to push forward a decision before Christmas to help shore up support among the markets and generate an extra £6billion in the Treasury coffers.
Yesterday the Prime Minister told Sky News: “You’re asking me to speculate about all kinds of decisions that haven't yet been made.”
She added: “We are facing a very difficult international situation, a slowing global economy, so yes I will do what it takes to fix those issues.”
A previous review — done by Sir John Cridland — hinted younger workers may have to stay in work until they are 69.
Former pensions minister Steve Webb said: “This is a Treasury driven decision, and it may be as much about the markets as people’s working lives.
“A more aggressive schedule for a government that wants to reassure the markets could be an option.”
Mums should be given extra £8,000 to stay at home and look after their kids
I couldn’t give my baby a bath or keep her warm after my gas was cut off
M&S shoppers rush to buy ‘amazing’ £10 Christmas essential
Advice on which appliances you should unplug during a blackout
©News Group Newspapers Limited in England No. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. “The Sun”, “Sun”, “Sun Online” are registered trademarks or trade names of News Group Newspapers Limited. This service is provided on News Group Newspapers’ Limited’s Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. To inquire about a licence to reproduce material, visit our Syndication site. View our online Press Pack. For other inquiries, Contact Us. To see all content on The Sun, please use the Site Map. The Sun website is regulated by the Independent Press Standards Organisation (IPSO)
Our journalists strive for accuracy but on occasion we make mistakes. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/
