normal minimum pension age
- normal minimum pension age
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Introduced by the Finance Act 2004, normal minimum pension age is the youngest age at which a member of a registered pension scheme can ordinarily expect to take his benefits. It is defined in section 279(1) of the Finance Act 2004 as age 50 before 6 April 2010, and age 55 on and after that date. There are transitional provisions protecting those who have acquired rights to draw early retirement pensions from an age younger than 55 after 6 April 2010.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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