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...
27 Mar 2026
One of the most important decisions an owner will ever make is how, and when, to step back while protecting the value they have created. We've broken down the four core exit routes for owner-managed businesses, and how the changing landscape affects each.
Learn more
What do business owners need to consider in 2026?
22 Jan 2026
After the Autumn Budget’s reduction in CGT relief for EOTs, there has been understandable uncertainty among business owners.
Learn more
HMRC Clarifies CGT Changes for Employee Ownership Trusts
15 Dec 2025
The 2025 Autumn Budget reduced the Capital Gains Tax relief on Employee Ownership Trust (EOT) transactions from 100% to 50%. Understandably, this has raised questions. TC Group explains how EOTs are still a strong exit route.
Learn more
The EOT Relief Has Changed, But the Opportunity Hasn’t
27 Nov 2025
The Autumn Budget announced the EOT tax relief has been reduced. We explore what this means and why the EOT route is still worth considering.
Learn more
Employee Ownership Trusts (EOTs) Post Autumn Budget: Are They Still Worth It?
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