Normal pension age draft legislation branded 'hugely complex mess'

Rising from 55 to 57

Jenna Brown
clock • 4 min read

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...

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

Why documentation is king in the world of SSAS

Why documentation is king in the world of SSAS

'SSAS documentation - it isn't just best practice or a fiduciary requirement'

Caitlin Southall
clock 04 July 2025 • 4 min read
Steve Webb: Sceptical advisers should not give up on pensions dashboard

Steve Webb: Sceptical advisers should not give up on pensions dashboard

‘A big mistake to underestimate the impact it will have’

Jenna Brown
clock 03 July 2025 • 3 min read
What role can advisers play in closing the gender pension gap?

What role can advisers play in closing the gender pension gap?

Advisers are uniquely placed to influence the gender pension gap

Olivia Perry
clock 02 July 2025 • 7 min read