Normal minimum pension age and protected pension age

The following Pensions practice note provides comprehensive and up to date legal information covering:

  • Normal minimum pension age and protected pension age
  • Normal minimum pension age
  • What is a protected pension age?
  • Requirements for protected pension age
  • Protected pension scheme
  • Entitlement condition
  • Retirement condition
  • Employment restrictions
  • Block transfers
  • Transfers between 10 December 2003 and 5 April 2006
  • More...

Normal minimum pension age and protected pension age

CORONAVIRUS (COVID-19) UPDATE: For the period from 1 March 2020 to 1 November 2020, HMRC granted an easement whereby individuals who took their pension benefits before age 55 and who were subsequently re-employed in relation to coronavirus would be deemed not to have lost any entitlement to protected pension age. This is because they would be deemed to have met the re-employment conditions mentioned in Employment restrictions, below. This easement was legislated on through the Finance Act 2020, s 108. HMRC has confirmed the easement expired on 1 November 2020. For more information, see Practice Note: Coronavirus (COVID-19)—the pensions implications for trustees — HMRC’s position.
FORTHCOMING DEVELOPMENT: On 11 February 2021 the government issued a consultation reconfirming the announcement that the normal minimum pension age (NMPA) will rise from 55 to 57 on 6 April 2028 and seeking views on the proposed protection regime for pension scheme members (with the exception of members of the firefighters, police and armed forces public service pension schemes for whom the increase in NMPA will not apply). The NMPA is the minimum age at which most pension savers can access their pensions without incurring an unauthorised payments tax charge, unless they are taking their pension due to ill-health.

The government proposed to offer

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