Pension age will rise – everything you need to know about access to your cash | Personal Finance | Finance
Each provider should give a breakdown of the normal minimum pension age rules and how these will impact the person concerned.
In addition, people can also book an appointment with the Government’s service PensionWise.
It offers free, impartial pension guidance about what a person could do with their pension arrangement.
Individuals have a number of years to adjust any plans they may have had for their retirement and access to their pension.
However, experts have generally advised Britons not to access their pension at the earliest age they are permitted to do so.
This is because those that take this course of action risk running out of money for retirement.
The less a person has in their pension pot, the harder they will have to work to make it stretch over the length of their retirement.
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The Government has given significant notice of the changes taking place, which should allow Britons to plan accordingly.