The earliest that a pension can be drawn is minimum pension age. Minimum pension age was increased to age 55 in April 2006.
Workers who were in active service of a pension scheme on 5 April 2006 may have a protected minimum pension age of 50. This means that the earliest benefits could be drawn is from age 50 rather than 55.
The Government has announced its intention to increase minimum pension age in the future. However at present the legislation for future increases has not been brought to Parliament. The expectation is that in future minimum pension age will increase in line with increases to state pension age so that it remains 10 years before state pension age.
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