IT LOOKS like we’ll be working longer before receiving a state pension.

Last week it was revealed millions of people in their late 30s and early 40s look set to have to work for an extra year after an official review recommended pushing up the state pension age (SPA) more quickly than previously planned.

The independent report said the SPA should rise to 68 by 2039 instead of 2046. It also recommended that the state pension “triple lock” is withdrawn in the next parliament.

Meanwhile, commentators said that a separate report from the Government Actuary’s Department, also out today, pointed to a possible SPA of 70 for anyone currently aged 30 or under.