How the UK’s retirement age compares across Europe

Denmark Sets Europe's Highest Retirement Age at 70 by 2040

Denmark is on course to have the highest retirement age in Europe following the approval of a new law that will gradually raise the state pension age to 70. This decision ties Denmark’s retirement policy directly to increasing life expectancy, with reviews every five years.

Currently, Danes retire at 67. That will rise to 68 by 2030, 69 by 2035, and 70 by 2040 for those born after 31 December 1970. The legislation has faced backlash, particularly from workers in physically demanding roles, who argue that extending working years is unjust.

Jesper Ettrup Rasmussen, head of the Danish trade union confederation, called the measure “completely unfair,” noting Denmark’s strong economy and criticizing the move as a threat to a dignified retirement.

Where the UK Stands

In the UK, the current state pension age is 66 for those born between October 1954 and 5 April 1960, offering a monthly payout of around £998. The age increases to 67 for those born on or after 5 April 1960, and to 68 for those born on or after 5 April 1977.

Looking ahead, the International Longevity Centre has suggested that the UK may need to raise the pension age to 71 by 2050 due to an ageing population.

Retirement Ages Across Europe

Ireland

Retirement age: 66

Average pension: £1,051 (€1,253) per month

France

Current age: 62

Rising to 64 under new legislation passed in 2023

Average pension: £1,261 (€1,500)

The change triggered widespread protests and unrest

Sweden

Earliest retirement (income-based): 63

Guaranteed pension available from 65