Policy paper
Increasing Normal Minimum Pension Age
This Tax Information and Impact Note outlines the increase to the earliest age at which most pension savers can access their pensions without incurring an unauthorised payments tax charge, the normal minimum pension age, from 55 to 57.
Documents
Details
This measure increases the earliest age at which most pension savers can access their pensions without incurring an unauthorised payments tax charge, the normal minimum pension age, from 55 to 57. This increase will have effect from 6 April 2028.
This measure also introduces new rules to reduce the restrictions on retaining a protected pension age following a block or individual transfer.
Published 4 November 2021