Services: The 50 to 55 Age Gap

A Pensions Deadline – April 2010

With effect from 6 April 2010, the earliest age at which one will be able to take benefits from a pension arrangement will rise from 50 to 55.

So, if you are between the ages of 50 and 55 before 5 April 2010, you have an opportunity to draw benefits from your pension plan. After 6 April, you will not get another chance until you reach the age of 55!

Clearly, taking pension benefits at the age of 50 will not appeal to everyone. However, for some, the opportunity to access some Tax Free Cash might have some attraction.

If you feel that this is something which might appeal to you, there is a limited amount of time to seek advice.

Don’t leave it to the last minute. You need to allow yourself plenty of time to consider your options, because once you have made up your mind, there is no going back!

If you would like any further information, or have any questions, please use the 'contact us' feature, or call on 0800 169 2827.