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Pension Age 68 by 2039; Workers Might Need 70

7/18/2026

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Story summary
  • The Office for Budget Responsibility says the state pension age could rise to 68 by 2037-39, earlier than the 2044-46 schedule.
  • Experts warn that millions of workers under 40 may have to work until age 70 to receive a pension.
  • Current pension spending equals £150 billion, about 5 % of GDP.
  • Abolishing the triple-lock could cut projected 2076 pension spending from 9 % to around 7 % of GDP.