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May 10, 2024

New Minimum retirement age to change

The Government is gradually increasing the State Pension age which rises to age 67 in 2028. To check when your State Pension age is, use the handy checker on the Government website at: www.gov.uk/state-pension-age.

There will also be a rise in the minimum age at which you can start taking benefits from a pension scheme. The minimum age will go from age 55 to age 57 in April 2028. From this date, this means you will not be able to access your pension benefits until age 57 (unless it is agreed you meet the ill health conditions).

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Bms Pension Plan

The information on this site is not financial advice and should not be used as the only basis for any future decisions about your pension arrangements or any other financial commitment.

The Trustee, the Company and their advisers are unable to offer you financial advice that is specific to your personal circumstances. It is recommended you take professional independent advice before making any such decisions. 

This website is owned and operated by Vidett Governance Services Limited. It provides information to members of the BMS Pension Plan. All rights reserved Vidett Governance Services Limited.

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