A quick reminder that as from 6 April this year the age at which you can draw on a personal retirement fund rises from 50 to 55.
Under the present rules anyone who reaches the age of 50 can have access to their personal or workplace pension fund with the option of taking 25 percent of their retirement savings as a tax-free sum, but on 6 April the age threshold rises to 55.
If you would like advice on this or any other aspect of retirement planning, do give us a call.
Tags: Pension Benefits, Pension contributions, Personal tax return, Regulations, Retirement
