The Economic Secretary to the Treasury wrote in a written ministerial answer that the Government made the announcement in 2014, and that the decision was "reflecting trends in longevity and encouraging individuals to remain in work".

The move comes amid ongoing changes to the state pension age - which is set to reach 66 for men and women next month, ahead of further rises.

Have you been affected by changes to the state pension age? And will the changes to when you can access to your pension savings affect your retirement plans?

Mr Sunak has so far kept his plans under wraps, but plenty of experts have given their opinion on what may be to come.

Earlier this year, Becky O’Connor, personal finance specialist at Royal London, told Express.co.uk: “The best things in life might be free, but billions of pounds of Government support is not.

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