The Finance Act 2021 received Royal Assent on 24 February 2022.  This means that the Government has raised the age from which an individual can take their pension from age 55, to age 57.  This increase will take effect from 2028.

It is expected that there will be some transitional provisions introduced for individuals who retire before 6 April 2028 but who are not yet age 57, as was the case when the Minimum Pension Age was increased from 50 to 55.  Further details will be provided when this is known.