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Pensions Act 2007

Pensions Act 2007

2007 CHAPTER 22

Commentary on Sections

Schedule 1: Part 7: Additional pension: simplified accrual rates

Section 13: Increase in pensionable age for men and women

242.The rules for determining state pension age are set out in Part 1 of Schedule 4 to PA1995. Subsection (1) of this section introduces Schedule 3 (see below) which amends both section 126 of, and Schedule 4 to, the PA1995 so as to enact increases in state pension age. Under subsection (3) of section 30 (Commencement: see page 66 below), the amendments made by Schedule 3 come into force two months after the date of Royal Assent; but the first increase in state pension age, from 65 to 66, will be phased in between April 2024 and April 2026.

243.Subsection (2) introduces Part 8 ofSchedule 1, which contains consequential amendments relating to the increases in state pension age (see below): these take effect on 6 April 2024 (subsection (3)) i.e. when the phasing-in of the initial change from 65 to 66 commences.

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