HMRC has finally published provisional guidance on what happens when the Normal Minimum Pension Age (NMPA) rises from 55 to 57 on 6 April 2028, and whether people can still access their pension at 55 in the UK. In this video, Pete Matthew explains who the transitional rules protect, including those already in drawdown, receiving a scheme pension, or entitled to an annuity before April 2028.
You will also learn how the rules differ for tax-free lump sums and UFPLS payments, and why timing matters if you will be 55 or 56 when the change comes in. If you are approaching retirement and want clear, British guidance on pension access and planning, this episode breaks it down in plain English.
Meaningful Academy Retirement Planning
The post Will You Still Get Your Pension at 55? HMRC Has Finally Answered appeared first on Meaningful Money – Making sense of Money with Pete Matthew | Financial FAQ.
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