From 6 April 2010, the minimum allowable age at which all individuals can access their pension benefits increases from 50 to 55.
This could raise significant retirement and financial planning issues for individuals currently between the ages of 49 and 54, as you will be precluded from raising capital and income from your pension fund for potentially up to another five years.
If you have a genuine short-term need to access your pension, whether for a lump sum or a regular income, we suggest you consider the options open to you immediately to ensure you don't miss out.
We would be happy to be of help to you in assessing those options and all you need to do is contact us.