Retirement Age – Born in 1967
Last updated on April 10th, 2023
What is my retirement age if I was born in 1967?
Retirement ages are a confusing subject since the government changed standard retirement ages from 60 for women and 65 for men in order to equalise them and also quickly increased them to above the age of 65 for both men and women.
However, there have been some pieces of legislation passed in the last decade or so that have set retirement ages for people born in the 50s and 60s and these are unlikely now to be changed.
Retire in 2034
If you were born in 1967 and whether you are a man or a woman, you form part of the group of people whose retirement age, or at least the at age which you can claim your state pension, is now 67, so you will be able to draw your State pension in 2034. This will not be changed by future legislation as 10 years notice is needed to make any changes and there are no proposals to change this as confirmed by the government in March 2023.
The change to a State Pension age of 68 is currently confirmed for those born after 1977 but may also include some born before that if further legislation is introduced.
Future Increases
Guidelines state that retirement ages will be based on the fact that adults will spend around a third of their lives in retirement, so as life expectancy increases it is likely that retirement ages will increase accordingly. This is only likely to apply to those born in the 80s and later.
If you were born in 1967 there is still enough time left to check on your private retirement provision and check that you will have enough pension to retire on. Along with that you could check on how much state pension you might get – check out our information page on that subject. The State pension has been changed in the last few years to what is now called the New State Pension so you can check your entitlement to that.