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Minimum pension age to rise to 55 from April 2010
Issue 34 - February 2010
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As part of the pension reforms announced by the government in 2003, the normal minimum pension age will rise from 50 to 55 from 6 April 2010. After that date, people will normally only be allowed to start receiving their pension payments from an occupational or a personal pension scheme when they are 55 or older. To help you to understand the change and its effects, HMRC have prepared a few general questions and answers and a glossary of pension terms.