Pensions: Age

(asked on 11th January 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what his policy is on the minimum age for withdrawing a private pension; and what plans he has to bring forward legislative proposals to introduce legislation on that minimum age.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 14th January 2021

In 2014 the government announced it would increase the minimum pension age from age 55 to age 57 from 2028, reflecting trends in longevity and encouraging individuals to remain in work, while also helping to ensure pension savings provide for later life.

That announcement set out the timetable for this change well in advance to enable people to make financial plans and will be legislated for in due course.

Reticulating Splines