Policy paper

Increasing the normal minimum pension age for Pensions Tax

This measure introduces an increase in the normal minimum pension age.

• From: HM Revenue & Customs
• Published: 20 July 2021

Documents

Increasing the normal minimum pension age for Pensions Tax

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Draft legislation

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Explanatory note

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Details

This measure introduces an age increase from 55 to 57 in 2028 for the normal minimum pension age. This is when most pension savers can access their pensions without getting an unauthorised payments tax charge unless they are retiring due to ill-health.

Read the ‘Increasing the normal minimum pension age’ consultation and summary of responses.

Published 20 July 2021