Pension Ages - minimum and maximum
The minimum age at which pension benefits can be taken is 55.*
Ill health exception - a pension may be paid at any age, and, (if life expectancy is declared, by medical experts, to be less than one year) can be provided as a lump sum.
There is now no maximum age for pensions to commence (whereas prior to April 2011 an annuity could not be taken out after age 75.)
* Prior to April 2006 some professions were granted a dispensation to retire early (eg some sports people and dancers). If you fit into such a category and accrued rights under a pension before 2006, it may be possible to protect your rights to retire early. Consult your financial adviser.
Last updated on April 06, 2012
- pension funds
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