Business
Minimum age for UK personal pension to rise to 57 by 2028 – The Guardian
Investment analyst describes increase from 55 as a ‘kick in the teeth’ during Covid crisis
The minimum age for drawing a personal pension in the UK is to rise to 57 in 2028, the government has confirmed.
Savers who pay into a personal pension, either directly or one arranged through their workplace, can currently access their money at 55, but in 2014 the government announced plans to raise the age as a result of increased life expectancy.
The change has not yet been brought into law, but the Treasury minister, John Glen, has confirmed that there are still plans for legislation.
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