Pension ages (minimum and maximum)

The minimum age at which pension benefits can be taken is, since 5 April 2010, 55*.

Pension contributions can be made by an adult in their own right from the age of 18, but parents (and other relatives) can contribute to a children's pension (such as a junior stakeholder or junior SIPP) at any time from the birth of the child.

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 6 April 2011 an annuity could not be taken out after age 75).

* Prior to 5 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.

This section of our site contains guides and calculators to help you think about your financial planning needs.

They are aimed at both business owners, who may also be employers, and private individuals with wealth management goals.

Why are you looking for financial advice? Choose from the menu links below.

get in touch with us

If you would like to find out how we can help you, please call us or send an email. We’d be delighted to arrange a no obligation meeting with you.

call us

email us