Government closes pension switching window

Savers barred from switching to a new scheme with a protected pension access of age 55

Holly Roach
clock • 5 min read
The normal minimum pension age is rising from 55 to 57 from 6 April 2028
Image:

The normal minimum pension age is rising from 55 to 57 from 6 April 2028

The government has closed the window of time during which people can join a scheme that offers a protected pension age of 55.

In its Finance Bill 2021/22 - published today (4 November) - the government announced savers will be stopped from switching to a new scheme with a protected pension access age of 55. The bill in...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Buzz: Should private savings in pensions become compulsory?

Buzz: Should private savings in pensions become compulsory?

Compulsory pension savings, statutory indexation extension and Pensions Commission

Professional Pensions
clock 06 October 2025 • 1 min read
News Digest: European private capital firms target £14.8bn in data centre deals

News Digest: European private capital firms target £14.8bn in data centre deals

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 06 October 2025 • 1 min read
TPR warns trustees to 'stay agile' amid global investment challenges

TPR warns trustees to 'stay agile' amid global investment challenges

David Walmsley urges trustees not to be swayed by political narrative

Holly Roach
clock 03 October 2025 • 2 min read
Trustpilot