Hogan Lovells

Key Dates

Consultation response, policy paper and draft legislation issued on 20 July 2021.

Consultation on implementation of the increase and proposed protection for individuals with a right to take pension at a pre-existing pension age issued on 11 February 2021.

Increase in NMPA to 57 to have effect from 6 April 2028.


Summary

HM Treasury has issued draft provisions for the Finance Bill 2021-22, which will implement the increase in normal minimum pension age (NMPA) from 55 to 57 with effect from 6 April 2028.  The draft legislation also includes a framework for protection of pre-existing pension ages below age 57 in some circumstances.  Key points are as follows.



Date Accessed: 03/12/2021