Shadow chancellor George Osborne will today announce plans to raise the state pension age from 65 to 66 for men from 2016 if the Tories win the next election.
The move will help tackle UK debts with the change saving £13bn a year from the budget deficit, according to the Conservatives. Osborne has also not ruled out a rise in the pension age for women towards 66. Under the government's existing plans, the state pension age will rise gradually from 65 to 68 between 2024 to 2046. Bringing the move forward would mean many more people than previously expected, particularly those aged between 49 and 59, would have to work a year longer before qualifying for a state pension, the BBC reports. The government is currently intending to equalise...
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