Minimum pension age to hit 57 under government plans

Up from 55

Jenna Brown
clock • 5 min read

The minimum pension age is set to increase to 57 under plans unveiled in a government consultation on Thursday (11 February).

At present, people aged 55 can access their retirement funds but the age limit is likely to increase by two years under plans laid out by the Treasury. The Treasury consultation said the government intended to legislate to increase the normal minimum pension age to age 57 on 6 April 2028. It said: "Increasing the normal minimum pension age reflects increases in longevity and changing expectations of how long we will remain in work and in retirement. "Raising the normal minimum pension age to age 57 could encourage individuals to save longer for their retirement, and so help ensure ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Standard Life launches 'affordable' pensions-focused advice arm

Standard Life launches 'affordable' pensions-focused advice arm

For existing Standard Life customers approaching retirement

Jenna Brown
clock 06 October 2025 • 2 min read
Clients need 'tailored approach' ahead of IHT on pensions

Clients need 'tailored approach' ahead of IHT on pensions

IHT ‘coming up more and more’ in conversations with clients

Sahar Nazir
clock 03 October 2025 • 2 min read
Nest partners with Wallace & Gromit creators on pensions awareness campaign

Nest partners with Wallace & Gromit creators on pensions awareness campaign

Campaign aims to encourage savers to take an active interest in their retirement savings

Martin Richmond
clock 02 October 2025 • 2 min read