Available for members who, before 6 April 2006, had a right to take their pension savings at an earlier age than the minimum pension age (current rules allow payment before MPA for protected ages). Different rules apply depending on the type of registered pension scheme involved.
In addition, some schemes, such as The People’s Pension, provide protections that would allow you to continue taking your pension money at age 55 (as opposed to age 57 after 6 April 2028). However, due to changes in the rules on the normal minimum pension age, the government has confirmed that these protections cannot be provided to new joiners from 4 November 2021 onwards – find out more.