Normal minimum pension age to rise to 57

The normal minimum pension age (NMPA) is the earliest age at which most pension savers can access their pensions without incurring an unauthorised payments tax charge - unless they are retiring due to ill health.

In July 2021, HMRC published a consultation on draft legislation to increase the normal minimum pension age from 55 to 57 in April 2028. The consultation has now closed and legislation is now with parliament for approval.

Members of the Fund will not be affected

Within the legislation, there is exemption for certain uniformed services pension schemes, including the British Transport Police Force Superannuation Fund.

This means that members of the Fund will automatically retain a NMPA of 55. Members who already have a PPA of 50 will also be unaffected by the increase in the NMPA.

The draft legislation is still progressing through the parliamentary process and therefore could change.