The State Pension Age will rise to 67 by the end of 2028.
• State Pension age rise to 67 will take place between 2026-2028
• There will be a review within two years of next parliament to reconsider rise to age 68
• Delivers on Government responsibility to ensure State Pension remains sustainable and fair across the generations
The Department for Work and Pensions (DWP) reviews the earnings thresholds for automatic enrolment into a workplace pension scheme every year. The changes in threshold took effect from 6 April 2023. As you can see from the table below, the thresholds announced by the DWP are frozen for 2023/2024 tax year.
The Government is supporting the proposal to expand Automatic Enrolment, enabling millions more people to save more via a pension scheme, and to start saving earlier. –
• Abolishing the Lower Earnings Limit for contributions, this will enable people to save from the first pound of earnings
• Reducing the age for being automatically enrolled from 22 to 18 years old
The timing on these changes has not yet been finalised.