Retirement Age – Born in 1972

Last updated on April 10th, 2023

Born in 1972 (Updated March 2023)

For those of you born in 1972, you may be wondering when is your retirement age?

There have been many changes in the last few years in terms of the age at which people can draw their State pension in the UK. Pension ages started at 60 for women and 65 for men but have already been equalised upwards for women and now both men and women are faced with retiring at ever higher ages.

For those people who were born in 1972, your current State pension that is legislated for is 67. However, it is likely that this will change to 68 in future legislation if the government follows the independent review proposals of the last few years.

This would make the retirement date for someone born in 1972 to be 2040.

Ongoing Reviews

There are ongoing reviews of State pension ages and both the Cridaland and neville-Rolfe reviews recommended the increase in retirement age from 67 to 68 for those born after 1970.

The government has said that it expects people to spend around one third of their adult life in retirement and so it is likely that retirement ages will continue to increase as life expectancy increases.

It is now unlikely that your State pension age will increase any further than 68 so you should be able to rely on basing your retirement planning on the age of 67 or 68.

If you want to find out how much state pension that you are likely to get then you can apply for a forecast from HMRC. You may also be able to make up for some years where you have not paid enough National Insurance to contribute towards qualifying years for your state pension. Take a look here for further information on this.