WebNMPA Change. The Treasury is consulting on increasing the normal minimum pension age (NMPA) from 55 to 57 from 6 April 2028. This should be the dullest of dull consultations, hardly worthy of a mention, but in an odd policy twist it has the potential to turn into controversial legislation for advisers and pension members. WebMar 11, 2024 · Is your scheme ready for changes to the normal minimum pension age (NMPA)? These changes were introduced by the Finance Act 2024 and will increase the …
PART 1 – Normal Minimum Pension Age (NMPA) is changing
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Immediate impacts of the minimum pension age increase
WebMar 19, 2024 · This contrasts with the protection from the increase in NMPA from 50 to 55 in 2010, which applies only if the "retirement condition" is met—that is, that the member has actually retired before ... WebMar 15, 2024 · The NMPA was increased to age 55 on 6 April 2010 and a further increase to the NMPA, increasing it to 57, is due to take place on 6 April 2028. AJ Bell head of retirement policy Tom Selby agreed that a rise in the NMPA could be linked to an accelerated rise in the state pension age to 68. Currently, the state pension age will increase to 67 by ... WebFeb 11, 2024 · The normal minimum pension age (NMPA) is set to increase to 57 under plans unveiled in a government consultation today (11 February). At present, people aged 55 can access their retirement funds but the age limit is likely to increase by two years under plans laid out by the Treasury. The Treasury consultation said the government intended to ... how do you dunk in hoop central