Denmark is talking about raising the official retirement age to 70. That means you’ll have to work longer before you can claim the full state pension. If you’re in your 50s or early 60s, this change feels big, so let’s break it down in plain terms.
Why the government wants 70
The population is living longer, and the pension fund is under pressure. By moving the retirement age up, the state hopes to keep the system affordable. It also encourages people to stay in the workforce, which can boost the economy.
How it affects you today
First, the age you can start drawing the full pension shifts from 65 to 70. You can still take a partial pension earlier, but the monthly amount will be lower. Second, many collective agreements already have flexible retirement ages, so some workers might not feel a change if their contracts allow early exit.
Third, the tax rules on pension withdrawals stay the same, so the extra years you work just add more earnings that get taxed normally. Finally, private pension plans can be adjusted to match the new timeline, giving you a chance to save more if you need to.
If you want to retire before 70, you can apply for early pension, but expect a reduced payout. Some employers offer phased retirement, letting you cut hours while still receiving a portion of your pension.
So what can you do? Start by checking your personal pension statement. See how much you’d get at 65 versus 70. If the gap is big, consider boosting your private savings now. Talk to your employer about flexible hours or part‑time options that let you ease into the later years.
Another practical step is to look at your health. Staying active and getting regular check‑ups can make those extra working years feel easier. Many workplaces offer training for older employees – take advantage of that to keep your skills current.
Finally, keep an eye on the news. The 70‑year rule is still being debated, and there’s a chance the final age could be a little lower. Staying informed helps you adjust your plan quickly.
Bottom line: the shift to a retirement age of 70 means a longer work life, but it also gives you time to grow your savings and stay engaged. With a few simple steps – checking your pension, saving more, and staying healthy – you can turn the change into an opportunity.
Denmark Raises Retirement Age to 70 – What It Means for UK Pension Reform
23 Sep, 2025
Denmark has legislated a gradual rise of its state pension age to 70 by 2040, prompting intense debate about whether the UK should follow suit. The shift reflects longer life spans and mounting fiscal pressure on pension systems. While Danish seniors largely accept the move, many workers push back. Experts warn that Britain’s higher inequality demands a more nuanced approach. The story could reshape pension policy across Europe.
by