Pension Age Rules

Rules for Receiving a State Pension

From 6 April 2010, the minimum age at which women will be able to receive their State Pension will gradually rise from 60 to 65 (in 2020); this will bring them in line with the state pension age for men. Between 2024 and 2046, the state pension age will increase for both men and women from age 65 to 68.

Rules for Receiving a Personal or Occupational Pension

From 6 April 2010, the minimum age at which a personal or company pension can be taken will increase from 50 to 55. However, in certain circumstances (e.g. if you are unable to work due to ill-health), you may still be able to take your pension before age 55. It's worth pointing out that if your current pension scheme gives you a contractual right to retire at 50, you should still be able to do so even if you don't reach this age until after 2010.