When can I take my pension?

Under HM Revenue & Customs (HMRC) rules, pension savings cannot normally be taken until the age of 55 (rising to 57 from 2028).

After 2028, the minimum pension age will continue to always be 10 years below State Pension age (this is due to rise with life expectancy rises).

If you’re under 55, what can you do with your pension pot now?

Have you had to stop work?

You may be able to access your pension savings earlier than age 55 if you’ve become physically or mentally incapable of continuing your job, and so you’ve stopped working. As well as meeting HMRC’s rules, we’ll need a report confirming that you are medically incapable of continuing your job as result of injury, sickness, disease or disability – so please get in touch with us if you’d like to take your money.

Are you suffering from serious ill health?

If you’re suffering from serious ill health – with a life expectancy of less than 12 months – you may be able to get your whole pension pot as tax-free cash. Let us know if you’d like to take your money.

Find out more about when you can take your pension money

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