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  • Shepherd Partnership

Personal Pension access age due to increase

The government has confirmed it will increase the normal minimum pension age (NMPA) from 55 to 57 years in 2028.

The site says: '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 that individuals will have financial security in later life. The increase to the NMPA was announced in 2014 following a consultation and reconfirmed earlier this year'

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