With the rising costs of living affecting every aspect of almost everyone’s finances, there’s no time like the present to start considering your retirement plans.
Unfortunately, the Government has significantly increased the state pension age over a number of years. The state pension age is currently 66 years old for both men and women, but it may be different depending on exactly when you were born. You can check your state pension age on the Government’s website.
The state pension age is constantly under review to account for costs and changing life expectancy. The age increased to 66 only in 2021 and is expected to rise to 68 between 2044 and 2046.
However, earlier this year, the Government announced plans to bring the timetable forward so it will become 68 between 2037 and 2039.
Although this means a longer wait for a lot of people, it gives greater reason to start contributing to private pension schemes and focus on a retirement strategy.
You might be interested in...
24 Sep 2025
This podcast answers the common questions we're asked about Employee Ownership Trusts (EOTs). Growing in popularity across sectors, when the time comes to exit your business, have you considered an EOT?
Watch now
TC Group Podcast | Employee Ownership Trusts
24 Sep 2025
This podcast focuses on Effective succession planning in the built environment. At TC Group, we pride ourselves on taking the time to understand your personal objectives, equipped with sound advice and a tailored, insight-driven strategy.
Watch now
TC Group Podcast | Effective succession planning in the built environment
27 May 2025
With changes in the 2025/26 tax year, how much State Pension will you receive? Read TC Group's guide to the State Pension system.
Learn more
The State Pension changes in 2025: What they mean for you
21 May 2025
Understand the latest EOT guidance from HMRC can help you make informed, future-focused decisions for your business.
Learn more
What You Need to Know About the Latest Employee Ownership Trust Guidance
12 Mar 2025
If your pension pot isn’t where you’d like it to be in your 50s, here are ways increase your retirement savings, take advantage of tax reliefs, and strengthen your long-term financial security.
Learn more
Retirement savings in your 50s: How to catch up
07 Mar 2025
HMRC has softened the 5 April deadline for making up NIC shortfalls for 2016/17 and 2017/18 - pay or request a callback by then to benefit. After this, only the past six years can be filled.
Learn more
Extended window to boost your State Pension