Retirement Age – Born in 1964

What is my retirement age if I was born in 1964?

If you are a man then growing up you would have expected your retirement age to be age 65, and if you are a woman then you may have expected to retire at age 60 but things have moved on since then and now that state pension ages have been equalised and increased, this is no longer the case any more.

So whether you are a man or a woman and you were born in 1964 then your retirement age is now going to be age 67. So you will be entitled to claim your state pension benefits in 3031.

No Further Changes

There have been further reviews of retirement ages since your State pension age was set at 67 and these have not increased your retirement age any further and so it seems extremely likely that there will be no further changes to your retirement age (at least not upwards).

The government have stated that they are basing the calculation of retirement ages on the expectancy that people will spend on average around 32% of their adult working life in retirement.

How Much Pension Will I Get?

If in the meantime you want to find out how much state pension you will be entitled to, take a look at our pages showing how you can apply for a forecast of your state pension. This should give you an indication of what you will get at retirement which means that you could plan to increase your own pension with further contributions of your own.

Retirement Age – Born in 1963

Born in 1963 – When Will I Retire?

In the past the retirement ages for men and women were set at 65 and 60 respectively but changes brought about by various Pension and Finance Acts have not only equalised retirement ages but also increased them.

People who were born in 1963 are among a group whose retirement age has been increased beyond 65 due to the increase in longevity and the plan for everyone to be entitled to spend a similar amount of their adult working life (approximately one-third) in retirement.

Retirement in 2030

Therefore people born in 1963 will have a retirement age of 67 (at least the age at which you are able to draw your State pension). Further to the report by the government issued in 2017, this is extremely unlikely to increase any higher in future. This means that you will be able to draw your State pension benefits in 2030.

There is in fact a slim possibility that your retirement age will be decreased to 66 as the Labour party have stated that they intend that to be the maximum pension age for all.

You may well have a lower retirement age for any private or occupational pension schemes that you are a member of and so you may be able to take those benefits earlier than that (in fact from your 55th birthday if you chose to).

Retirement Planning

There is still time to plan for your retirement if you do not feel that you have made enough provision. You can also check how much State pension you will get to ensure that you have made all of the contributions that you are able to in order to receive the maximum possible State pension.

Retirement Age – Born in 1962

What is my retirement age if I was born in 1962?

If you were born in 1962, whether you are a man or a woman, you are one of the first batch of people to have their retirement age (at least the age at which you can receive your state pension benefits) increased beyond the equalised retirement age of 65.

Pension ages increase quite quickly for those born in the 50s and 60s and for those born in 1962 your retirement age has been set at age 67. So anyone who was born in 1962 will be collecting their state pension in 2029.

This is not likely to change any further (apart from a slim possibility of a labour government decreasing it to age 66), so you should plan for this to be your retirement date.

If you were born earlier than 1962 then you need to use our retirement age calculator to work out your retirement age or date.

Retirement ages have been calculated based on the proviso that people will spend on average around one-third of their adult working lives in retirement and this is whey they have been increased in line with the rise in life expectancy.

If you are wondering how much state pension you can expect to receive then you can request a forecast from the government. Check out this page for further information on applying for a forecast. How much you get may depend on how many years you have paid National Insurance for as well as other factors.

Retirement Age – Born in 1958

What is my retirement age if I was born in 1958?

Following an accelerated timetable for the equalisation and increase of retirement ages,  the age at which you can take your State pension has become a matter for confusion for a lot of people.

However, legislation has been set out to specify when people are able to retire (up to the age of 68). If you were born in 1958 (whether you are a man or a woman) then you will be able to claim your state pension benefits on your 66th birthday. In fact anyone born between 6 October 1954 and 5 April 1960 has a state pension age of 66.

Retirement in 2024

Therefore you will be able to retire in 2024.

If you were born before or after these dates then you will need to follow the links at the top of the page (and to the left) to check out when your retirement age will be. Or else you can type in your year of birth in the search bar and you should be able to find a specific page for your year of birth.

Reasons for Pension Age Increases

People are living much longer than they were in previous generations and this has put a strain on the affordability of funding a state pension age of 65 for everyone. But not only this, people are also much healthier and able (and often willing) to work for longer before retirement which means that the balance of funding the state pension and paying it out needs to shift slightly so that it is still affordable.

You will be notified that your state pension is due for payment approximately 3 months before your retirement date, but if you are not, or if you need further information about how much you will get, then check out this page.

Retirement Age – Born in 1957

When Can I Retire if I was Born in 1957?

If you are a man or a woman who was born in 1957 then you may be wondering what is your retirement age. And by retirement age we mean what is the age at which you can draw your UK State pension?

There have been many changes to the state pension age in recent years, defining when is the earliest that you can collect your state pension benefits. So if you were born in 1957 then your state pension age is your 66th birthday. So you can retire in 2023.

Claiming Your State Pension

If you need more information on how to claim your state pension (it doesn’t just get paid to you automatically, although you should get notified about it beforehand), or else if you want to get a forecast of what you might receive in terms of state pension benefits then check out this page.

The amount of state pension you get depends to some extent on how much National Insurance you have paid and also whether you have been contracted out of the state pension scheme so it is worth checking what kind of money you can expect so that you can plan for your retirement.

If you were born earlier than 1954 then you need to check out our pages that work out your retirement age here, as your state pension age may be different if you are a man or a woman, but for those born in 1957 it doesn’t matter if you are male or female, your retirement age has been equalised at this point at your 66th birthday.

Obviously in terms of personal pensions and company pensions you do not need to wait until your 66th birthday as access to those benefits will depend on the retirement age of any company scheme and the minimum early retirement age for personal pensions (currently age 55).

Retirement Age – Born 1956

What is my retirement age if I was born in 1956?

Well whether you are a man or a woman the answer is the same – you can start claiming your state pension benefits on your 66th birthday. This means that you can retire in 2022.

If you were born before or after 1956 then the answer may be different as there are transitional periods where retirement ages change from 65 to 67, but for anyone born during any part of the year of 1956 you will retire (if you want to) on your 66th birthday.

Of course you have the option to delay taking your state pension benefits until later if that is what you choose to do, and in terms of other pensions, for example personal and company pensions, then they will have their own retirement dates, although a lot of schemes are linked to your state pension age so it may well be the same.

At the moment the earliest you can take your personal pension benefits is age 55 so you could always take those benefits earlier than your State pension age. But in terms of the state pension, there is no option to have it paid any earlier than your retirement age of 66.

You can get a forecast of the amount of state pension that might get by applying to the government for a statement. You can find further information on that here.

Retirement Age – Born in 1955

What is my retirement age if I was born in 1955?

If this is the year that you were born then you may be wondering at what age you can claim your state pension benefits. Changes to retirement ages have been equalised and increased for people born in the 50s and you are caught up in those changes.

The simple answer is that, even though when you were growing up you could expect to get your state pension at age 65 if you are a man or 60 if you are a woman, if you were born in 1955 then you can now claim your pension on your 66th birthday. This applies to both men and women who were born in 1955. Therefore you can retire in 2021.

How Much Will I Get?

There have also been changes to the amount of State pension that you will get and if you are unsure of how much that will be then check out our guide to how to check how much you will get and how to find out.

If you were born in a different year to 1955 then you can use the search feature on this website to search for your year of birth which should give you the information that you need about your retirement age. Otherwise you can check your retirement age by following our questionnaire.