Minimum pension age increase to 57 consultation

The government recently confirmed that the increase of the minimum pension age to 57 in 2028 will be going ahead as planned. They have now issued a consultation looking at how this increase might be implemented. The main elements are summarised below.

The normal minimum pension age is the minimum age at which most pension savers can access their pensions without incurring an unauthorised payments tax charge (unless they are taking their pension due to ill-health). It is currently age 55 and has been since 6 April 2010.

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