Draft legislation confirming the increase to normal pension age - from 55 to 57 in April 2028 - has been issued by HM Revenue & Customs (HMRC) and branded a "hugely complex mess" by one pension expert.
If followed a consultation that ran from February to April which garnered received 142 responses. The new rules mean the normal minimum pension age will increase from 55 to 57 in 2028 in line with the increase in state pension age to 67. Members of ‘uniformed pensions schemes' such as the armed forces and police and fire services will still be able to take benefits from 55. The rules state a member of a registered pension scheme who on 5 April 2023 has a right to take benefits from an earlier age than 57 and the rules of the scheme on 11 February 2021 (the date of the original con...
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