The SPA is currently 65 for men and women’s SPA is in the process of being increased from 60 to 65
This process was originally due to be completed in 2020, but the decision to raise the SPA to 66 for both men and women led to the timetable being accelerated.
Now the increase to age 65 for women will be completed by November 2018.
From December 2018 the SPA for both men and women will increase from age 65 to age 66, with the process due for completion by October 2020.
The SPA will then increase from 66 to 67 between 2026 and 2028.
The Pensions Act 2014 introduced a regular five-yearly review of the SPA.
The Department of Work and Pensions (DWP) proposed that the increase in the SPA from 67 to 68 should be brought forward to take place between 2037 and 2039.
Under current legislation, when will the SPA increase to age 67?
a) By September 2020.
b) Between 2026 and 2028.
c) Between 2034 and 2036.
d) Between 2042 and 2044
B)
The Pensions Act 2014 introduced legislation to increase the SPA to 67 between 2026 and 2028.