Minimum pension access age to rise to 57 in 2028

The government has confirmed the age when people can access their pensions is to increase from 55 to 57 in 2028. 

Replying to a written question on 3 September, economic secretary to the Treasury John Glen said: ‘In 2014 the government announced it would increase the minimum pension age to 57 from 2028, reflecting trends in longevity and encouraging individuals to remain in work, while also helping to ensure pension savings provide for later life.

‘That announcement set out the timetable for this change well in advance to enable people to make financial plans and will be legislated for in due course.’