Guide To Pensions & Retirement

Whether you plan to retire fully, reduce your hours gradually or to carry on working for longer, you can tailor when and how you use your pension – and when you stop saving into it – to fit with your personal retirement aims.

Currently, the minimum age you can take any workplace or personal pension is 55. You can check with your scheme provider or insurance company to make sure the scheme you are enrolled in will allow this. This minimum retirement age is proposed to increase to 57 by 2028.

From 2028 onwards, the proposal then is for the minimum pension age to increase in line with the State Pension age. This means there will be a 10-year gap between when you can take your own pensions and any State Pension you are eligible for – so if the State Pension age is 57, personal pensions can be taken from the age of 47.

There’s a lot to consider when working out which option or combination will provide you and any beneficiaries with a reliable and tax-efficient income throughout your retirement.

Whilst we hope you will find our Guide to Pensions & Retirement useful, we appreciate that every care case is different and we would be happy to discuss your circumstances individually. If you need advice on the pension lifetime limit, advice on pensions and pension transfers, pension drawdown, pension lump sum or other professional help with pensions and retirement please do contact us and speak with one of our experienced advisers.

We can also help with SIPP and SSAS advice, maximising your pension, producing a retirement savings plan and preparing for retirement.

In order to download our full Guide to Pensions & Retirement options please fill in the form below. We guarantee that we will not pass your details on to any other person or organisation.