Treasury written question – answered on 28th November 2022.

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Photo of Kevan Jones Kevan Jones Labour, North Durham

To ask the Chancellor of the Exchequer, if he will issue guidance to pension providers on whether changes to the Protected Pension Age will allow an unqualified right to access tax-privileged pension savings at a younger age than the increase to NMPA from 2028.

Photo of Andrew Griffith Andrew Griffith The Economic Secretary to the Treasury

Members of pension schemes which gave an unqualified right to access their pension benefits before age 57 will receive a protected pension age when the normal minimum pension age increases from 55 to 57 in April 2028. HMRC has published guidance on this protection regime in The Pensions Tax Manual.

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