01494680865 tom.austin@afmmanagement.co.uk

Pension ages (minimum and maximum)

The minimum age at which pension benefits can be taken is, since 5 April 2010, 55*.

Pension contributions can be made by an adult in their own right from the age of 18, but parents (and other relatives) can contribute to a children's pension (such as a junior stakeholder or junior SIPP) at any time from the birth of the child.

Ill health exception - a pension may be paid at any age and, if life expectancy is declared by medical experts to be less than one year, can be provided as a lump sum.

There is now no maximum age for pensions to commence (whereas prior to 6 April 2011 an annuity could not be taken out after age 75).

* Prior to 5 April 2006 some professions were granted a dispensation to retire early (eg some sports people and dancers). If you fit into such a category and accrued rights under a pension before 2006, it may be possible to protect your rights to retire early. Consult your financial adviser.

Office location

    PFS_logo      

ANA Financial is a trading name of AFM Management Limited (FRN 625128) Registered office at 1 Burkes Parade, Beaconsfield HP9 1NN, Registered in England & Wales, Registration Number 09040237, which is an appointed representative of FACET Investment Management Limited (FRN 131372) Registered in England & Wales, Registration Number 1931757 which is authorised and regulated by the Financial Conduct Authority.

Neither ANA Financial nor its representatives can be held responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk

The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

Please read our Privacy Statement before completing any enquiry form or before sending an email to us.