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Pension before age 55
Comments
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Some pension schemes have a protected retirement age before aged 55.
I'm a member of both a final salary scheme and a money purchase scheme, both of which have a protected NRD of 500 -
Some pension schemes have a protected retirement age before aged 55.
Covered in posts #4 and #5 above.I am a Technical Analyst at a third-party pension administration company. My job is to interpret rules and legislation and provide technical guidance, but I am not a lawyer or a qualified advisor of any kind and anything I say on these boards is my opinion only.0 -
I started drawing my public sector final salary pension at 49 last year. Its a legacy scheme and that option is not possible for new starters. There are probably still a few around with that option - AFPS, Firefighters, Police?0
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Some will, if it was built into the terms of the scheme. There is no definitive list of which occupational schemes had those terms, though I would be thinking along the same lines as you. For personal pensions, there is a list of prescribed occupations in which people could take their benefits before age 50. These are mostly sportspeople and those in dangerous jobs. People who qualified for those terms on 5 April 2006 were allowed to retain them. That point is also covered in post #4.I am a Technical Analyst at a third-party pension administration company. My job is to interpret rules and legislation and provide technical guidance, but I am not a lawyer or a qualified advisor of any kind and anything I say on these boards is my opinion only.0
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