Change 6 – Retirement ages to increase

This week we have been detailing the pension changes due to come in from April 2015.

Change 6: Retirement ages to increase

What is changing:

The age at which you can draw your pension, currently 55, is set to increase. It will be 57 from 2028 and from then increase in line with the rise in the state pension age. It will remain 10 years below the state pension age. This will not apply to Public Sector Pension Schemes for Firefighters, Police and Armed Forces.

If you have any queries in relation to these changes or need any further guidance, please do not hesitate to contact us on 01772 825755.

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