State pension age to increase to 69
State pension age is set to increase to 68 in the mid-2030s and to 69 in the late 2040s.
There are already plans to increase the state pension age gradually from 65 to 67 between 2026 and 2028.
There are no known plans to increase the pension age on private personal pensions from 55.
With the Chancellor’s clear intent to increase state pension age in the coming years, it has never been more important to have a personal pension in place to ensure you have more control over your retirement.
As Glasgow based independent financial advisers, Farrell Financial Planning offers independent advice on pensions.
Contact us today and discover how our independent financial advice can ensure your retirement plans stay on track.