April 2010
May 19, 2009
If you are aged between 50 and 55, April 2010 sees the end of your ability to draw your pension.
Changes in pension legislation mean that from April 2010 the minimum pension age is being raised to 55 years of age. Until this time, a pension can be drawn from the age of 50. The new rules mean that those planning to use pensions to supplement income or draw a lump sum may find it necessary to take action now to protect future finances.
For those not planning to retire completely but who do need some flexibility (perhaps to pay off debts or make the best use of pension funds) it may be worthwhile to review the current situation before the rules stop you from doing so.
Contact Qrops Adviser today to find out how we can help.
