State pension age may rise to 71 – when will you get yours?

Research warns the shrinking workforce and rising life expectancy may push up the state pension age

retirement calendar
(Image credit: Getty Images)

The state pension age may have to rise to 71 by 2050 to keep up with longer life expectancy, research suggests.

Average life expectancy in the UK is currently 78.63 years for men and 82.6 for women, while record levels of people are reaching age 100, which has an impact of the retirement savings you will need for you golden years.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.