Not so early retirement


  • NMPA is the earliest age at which a member`s pension benefits can be taken under a registered pension scheme without higher tax charges applying. In general, NMPA will increase from age 50 to 55 from 6 April 2010.
  • Pensions may be paid from an earlier age if a member has a “protected pension age” or because of ill-health.
  • Members aged 50 or over wishing to take pension before age 55, but who do not have a protected pension age, will need to act before 6 April 2010.
  • Scheme rules govern when pension benefits can start.

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