{"id":127214,"date":"2025-05-24T05:49:08","date_gmt":"2025-05-24T05:49:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/127214\/"},"modified":"2025-05-24T05:49:08","modified_gmt":"2025-05-24T05:49:08","slug":"how-uks-retirement-age-compares-to-the-rest-of-europe","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/127214\/","title":{"rendered":"How UK&#8217;s retirement age compares to the rest of Europe"},"content":{"rendered":"<p>\n\t\t\t\t\tDenmark will have the highest retirement age in Europe after passing a controversial new law that raises the state pension age to 70\u00a0\t\t\t\t\t                <\/p>\n<p>Denmark will become the country with the <a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/inews-lifestyle\/money\/pensions-and-retirement\/uk-state-pension-compares-europe-3692821?ico=in-line_link\" target=\"_blank\" rel=\"noopener\">highest retirement age in Europe <\/a>after its parliament voted to raise the state pension age to 70.<\/p>\n<p>The country\u2019s <a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/topic\/pensioners?ico=in-line_link\" target=\"_blank\" rel=\"noopener\">official retirement age <\/a>is tied to life expectancy and is revised every five years. The current retirement age in Denmark is 67, rising to 68 in 2030 and to 69 in 2035. <\/p>\n<p>The new controversial new law passed on Thursday means the retirement age will rise to 70 by 2040. It affects anyone born after 31 December 1970.<\/p>\n<p>The move has sparked anger among Danish voters who have highlighted the problem of working extra years for those with physically demanding jobs, in particular.<\/p>\n<p>Jesper Ettrup Rasmussen, chair of the Danish trade union confederation, branded the change \u201ccompletely unfair\u201d.<\/p>\n<p>\u201cDenmark has a healthy economy and yet the EU\u2019s highest retirement age,\u201d he <a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cvg71v533q6o#:~:text=Since%202006%2C%20Denmark%20has%20tied,and%20to%2069%20in%202035.\" target=\"_blank\" rel=\"noopener\">told the BBC<\/a>. \u201cA higher retirement age means that [people will] lose the right to a dignified senior life.\u201d<\/p>\n<p>Retirement ages across Europe vary. Here\u2019s how the UK\u2019s retirement rules measure up compared to other countries.<\/p>\n<p>The UK<\/p>\n<p>Men and women born in Britain between October,1954 and 5 April 1960 can receive their pension at the age of 66. The full new state pension works out at approximately \u00a3998 a month.<\/p>\n<p>For those born on or after 5 April 1960 the retirement age will be 67, and for those born on or after 5 April 1977 it will be 68.<\/p>\n<p>The International Longevity Centre think tank has suggested the UK will have to increase the state pension age to 71 by 2050.<\/p>\n<p>Ireland<\/p>\n<p>In the Republic of Ireland the retirement age is 66, with average monthly pension payment of \u00a31,051 (\u20ac1,253).<\/p>\n<p>France<\/p>\n<p>The French retirement age is currently 62, but a law passed passed in 2023 to raise it to 64 sparked rioting and protests in the country.<\/p>\n<p>Under the changes, anyone born after 1968 will have a statutory retirement age of 64.<\/p>\n<p>Monthly state pensions are worth roughly \u00a31,261 (\u20ac1,500), according to data from Almond Financial.<\/p>\n<p>Sweden<\/p>\n<p>In Sweden, the earliest the age to draw a national pension related to income is 63, but the guaranteed non-earnings related pension can be drawn from 65.<\/p>\n<p>Retirees can pull a monthly income of around \u00a31,397 (18,000 krona) from the state pension.<\/p>\n<p>Italy\u00a0<\/p>\n<p>The statutory retirement age in Italy is 67, currently the highest in Europe.<\/p>\n<p>As with Denmark, the state pension age is adjusted on projected life expectancy estimates and may increase in 2026.<\/p>\n<p>Germany\u00a0<\/p>\n<p>The statutory retirement age currently 65 and scheduled to rise to 67 in 2031. At present, the regular old-age pension is payable from 65 and 10 or 11 months, depending on the pensioner\u2019s year of birth.<\/p>\n<p>The monthly pension payment is calculated at 48 per cent of the average monthly wage. A pensioner who earned the average wage for 45 years receives \u00a31,486 (\u20ac1,769) a month. <\/p>\n<p>Luxembourg<\/p>\n<p>Luxembourg has an official retirement age of 65 at which people can receive the state pension.<\/p>\n<p>The monthly average state pension of \u00a35,456 (\u20ac6,489) is the highest in Europe.<\/p>\n<p>Greece<\/p>\n<p>The Greeks also have a retirement age of 67, while the monthly state pension of \u00a3321 (\u20ac384)<strong> <\/strong>is one of the lowest on the continent.<\/p>\n<p>Spain<\/p>\n<p>The average retirement pension has increased to around \u00a31,245 (\u20ac1,481) a month.<\/p>\n<p>To retire with a full pension in Spain you must be at least 66 years and 8 months old, however, that age will gradually increase to 67 by 2027.<\/p>\n<p>Portugal<\/p>\n<p>In 2025, the standard retirement age in Portugal for a full pension is 66 years and 7 months. <\/p>\n<p>Portuguese state pension rates vary depending on a person\u2019s earnings and contributions over their working life. The minimum pension ranges from \u00a3278 (\u20ac331) a month for 15 years of contributions to \u00a3403 (\u20ac480) for 31 years\u2019 worth. <\/p>\n","protected":false},"excerpt":{"rendered":"Denmark will have the highest retirement age in Europe after passing a controversial new law that raises the&hellip;\n","protected":false},"author":2,"featured_media":127215,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,474,617,2499,2250,16,15],"class_list":{"0":"post-127214","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-pensions","11":"tag-personal-finance","12":"tag-retirement","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114561244374497457","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/127214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=127214"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/127214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/127215"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=127214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=127214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=127214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}