Retirement Age – Born in 1975

Last updated on April 10th, 2023

Born in 1975 (Updated March 2023)

Were you born in 1975 and want to know at what age you can retire?

As there have been a lot of changes in State Pension age over the last few years and decades, it has become quite confusing to many people as to when they will be able to claim their State Pension.

The age at which you can collect your State pension may also differ from the age at which you can draw your personal or your company pension, so you should check your pension policies for those details.

For those people who were born in 1975, current legislation gives you a State Pension age of 67.

However, the Cridland review of 2017 proposed that this should be changed to 68. as did the Neville-Rolfe review of 2023. These are only proposals though (despite the government saying they would accept the recommendations of the Cridland review) and we are still waiting for further legislation.

Future Reviews

There are ongoing reviews of State pension ages but it is unlikely that future reviews will increase your retirement age any further than 68 for those born in 1975, so you should assume that your retirement age is either 67 or 68.

There are a few reasons for the increase in retirement age. The government have said that the State pension must be kept at an affordable level for it to be funded by the current working population (as the State pension is run on a pay as you go basis – i.e. those who work currently pay for those who are retired) and so the ratio of those in employment to those in retirement must be monitored in terms of the fact that they envisage a third of people’s working life to be in retirement. So if people live longer then the age at which they retire is likely to get higher to enable the pension to remain affordable.

In addition to that there is the specification that people should all spend the same proportion of their adult working lives in retirement (just under 1/3) and this review takes account of that.