State pension warning as Britons could see ‘triple lock scrapped – or retire at 74’ | Personal Finance | Finance

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“To stick to this strict budget, the Government would face an unenviable choice as the population ages, choosing between raising the state pension age as high as 74 for current 30-year-olds or cutting back on the triple lock commitment.

“If the proposals to cap state pension spending are adopted, the report reveals that someone currently aged 30 or younger could be waiting until aged 74 to receive their state pension.

“This would mean they miss out on 8 years of state pension compared to current pensioners, worth £209,432 by 2067.”

Ms Guy explained that although these proposals seem shocking, these regular state pension age reviews are needed to make sure the Government is realistic about their future commitments, so the state pension remains affordable.

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