Increasing the normal minimum pension age for Pensions Tax
This measure introduces an increase in the normal minimum pension age.
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This measure introduces an age increase from 55 to 57 in 2028 for the normal minimum pension age. This is when most pension savers can access their pensions without getting an unauthorised payments tax charge unless they are retiring due to ill-health.
Read the ‘Increasing the normal minimum pension age’ consultation and summary of responses.