Pension access age to rise in 2028

From April 2028, pension access rises to 57, impacting those born after April 1973  Early pension access will be limited to those with ill health or protected pension ages  Many are worried about the upcoming change, so seek advice and review your plans 

From 6 April 2028, the normal minimum pension age will increase from 55 to 57. 

This means anyone born on or after 6 April 1973 will need to wait until their 57th birthday to access personal or workplace pension savings. If you had planned to draw funds before 2030, it may be necessary to adjust your strategy.  

There are some exceptions to be aware of, such as for those with a protected pension age or in cases of ill health. 

It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored advice and is for guidance only. Some rules may vary in different parts of the UK. 

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The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at customers based in the UK.

Succession planning, trusts, inheritance tax planning & estate planning are not regulated by the Financial Conduct Authority.

Tax treatment varies according to individual circumstances and is subject to change.

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