Retirement Ages Changing | Pensions Advice | Richard Smith – thefinancezone.co.uk
Anyone born on or between April 7 1955 and April 5 1960, will see the minimum age at which they can retire increase with effect from April 2010. The effect of this is that you will only be able to draw pension benefits in 5 years time at the minimum age of 55.
So if you are approaching this retirement age you have a limited window in which to get some advice, make some decisions and move your planning forward. It is likely of course that any future change in government will move this retirement age out even further.
You must therefore take advice as soon as possible. The shocking number of people affected by this (some 4 million) will not able to obtain advice between now and April so sooner rather than later seems to be call from me.
The next question is should you look to take your pension benefits ahead of the rule change? Clearly there is no hard and fast answer here, except to say that probably yes for many that will be the right action. Securing early access to your pension savings.
You will need to take action and get some Pension Advice advice.
For those of you with Personal Pensions have a look at this list “Poor Pension Providers” Is yours on it? Please contact me immediately to discuss the options. There is some further information for you, along with a Free Report “Free Personal Pension Review“
Or you can contact me here [Contact-1]
Richard Smith http://www.thefinancezone.co.uk
Advice on Pension Planning Matters
0845 226 9106
