ECONOMY

Retire early if you did not go to university

Pension age rise to 68 for rest ‘still on the table’
A review recommends people in physically strenuous jobs be exempted from a delay to the pension age
A review recommends people in physically strenuous jobs be exempted from a delay to the pension age
ALAMY

Graduates will work longer under plans to allow people in manual jobs to claim their state pensions earlier.

Workers face a rapid rise in retirement ages under a proposed cap on pensions spending designed to stop a rapidly ageing population bankrupting Britain. But an official review recommends exemptions for people who did not go to university or who work in physically strenuous jobs.

On Thursday Mel Stride, the work and pensions secretary, delayed a decision on raising the state pension age until after the election but left the door open to an increase to 68 in the next decade.

Millennials can now expect to die three years earlier than previously estimated, according to latest figures, and Stride said that “a number of uncertainties” about life