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The UK State Pension age is to start increasing from 66 in 2026 for people with specific birthdays. It will begin a phased rise to 67 for some people who are in their mid-60s.

A review is already underway to determine when the next pension age change will be. With UK spending on the State Pension having reached £142 billion in the 2024/2025 financial year, a £20 billion increase on the previous year, the Chancellor has said a review is needed to ensure the system is "sustainable and affordable."

The Government review is due to report in March 2029, and Rachel Reeves said it was "right" to examine the age at which people can receive the State Pension as life expectancy increases.

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