Retirement Age – Born in 1968

Last updated on April 10th, 2023

Born in 1968

Were you born in 1968 and are you wondering what your retirement age is? (And by retirement age we mean the age at which you can claim your state pension). If you are in this situation then it does not matter if you are a man or a woman as retirement ages have been equalised so you will both have the same retirement age.

The Pensions Act 2007 set your retirement age at 66 but the change to 67 was brought forward in the Pensions Act 2014. Also, following the reports on retirement ages that were produced in March 2017, and the subsequent government response, your retirement age was confirmed at 67 and will not now change from that.

Retire in 2035

Therefore, for those born in 1968, you will be able to retire in 2035.

Those born in the 70s and later are having their retirement age increased to 68 but luckily you are just caught in the tranche of people who can confirm that their retirement age will be 67.

Increase in Retirement Ages

Retirement ages are generally getting higher because of the increase in life expectancy. Obviously the life expectancy figures are assumptions at this stage and there are some debates as to whether life expectancy will continue to increase.

The government has said that they are planning for people to spend around 32% of their adult working lives in retirement. So as life expectancy increases so will retirement ages.

If you are wondering how much pension that you will get when you retire then you should check out our page about getting a quote for your state pension benefits. The amount that you can get depends on a number of factors but primarily how many years of National Insurance contributions you have paid.