key points

• The Government is looking to move the age at which pension scheme members can draw from their tax privileged pension benefits from 50 to 55 by 2010. It is consulting on whether this will be a phased implementation. • As of April 2004, the Government is planning to remove concessions given to certain types of employees for drawing pension benefits early. Professions such as athletes, footballers, dancers, downhill skiers and golfers have been able to take benefits from as early as age 30. As of next year this will no longer apply and all professions move to the same age basis of 50. ...