Minimum Pension Age Will Increase To 55 From 6th April 2010

If you are aged between 50 and 55 and wish to take a pension income before your 55th birthday – you need to act VERY fast, as the rules are changing around pensions.

Your Opportunity

You can still take advantage of the current minimum pension age of 50 if you act quickly:

Important changes from 6th April 2010

The forthcoming rise in the normal minimum pension age to 55 years on 6th April 2010 means that:


• Retirees born between 7th April 1955 and 5th April 1960 will still be able to take their pension benefits until 6th April 2010.


• If benefits are not taken by 6th April 2010 then the applicant will have to wait until they are 55 years old to take their pension benefits.


The change does not affect those with Protected Pension Ages and those whose funds have moved into Unsecured Pension by 6th April 2010.

Act now

To meet the legislative requirements, the annuity provider must receive funds by 1st April 2010.   If they receive funds after this date, they will have to return them to the ceding provider.
The application for an annuity income should be submitted at latest by March 5th 2010 to us.