HMRC publish TIIN on increasing normal minimum pension age

Released 04 November 2021

HMRC have published a Tax Information and Impact Note (TIIN) outlining the increase to the earliest age at which most pension savers can access their pensions without incurring an unauthorised payments tax charge, the normal minimum pension age, from 55 to 57.

This increase is expected to take effect from 6 April 2028.

New provisions are also being introduced to reduce the restrictions on retaining a protected pension age following a block or individual transfer.

View the TIIN.

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