Minimum pension age expected to rise from 55 to 57

Sep 16, 2020

Plans to raise the minimum pension age have been recently confirmed by the government.

It plans to raise the earliest age from which pension benefits can normally be taken from age 55 to age 57 from 2028. This follows a previous government announcement in 2014 that such a change would be made.

At this stage, no detail is known about how this change will be made in law and whether there will be any impact on the age when existing BTP members can take their benefits.

We will monitor developments on this and provide you with further information when it is available.

There are plenty of resources available to you when it comes to managing your pension, so make sure you log in to your myFund account.

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Each of Railpen Limited (registered in England and Wales No. 2315380) and Railway Pension Investments Limited (RPIL) (Registered in England and Wales No. 1491097) is a wholly owned subsidiary of Railways Pension Trustee Company Limited (Registered in England and Wales No. 2934539). Registered office for each company: 100 Liverpool Street, London EC2M 2AT. RPIL is authorised and regulated by the Financial Conduct Authority for some of its activities. The administration of occupational pension schemes is not a regulated activity. Full details about the extent of RPIL's authorisation and regulation by the Financial Conduct Authority are available from us on request.