UK Pension Age Rises to 57 | Sheffield News

The UK government is raising the minimum pension access age from 55 to 57 by April 2028, hitting many retirement plans hard—especially those who planned to start drawing at 55 or 56. Those born between April 6, 1971, and April 5, 1973, are in a transitional zone: if you’ve already hit 55 and were set to start withdrawing, you’re grandfathered in; otherwise, you’ll have to wait until 57. This move, tied to rising costs of an aging population and the State Pension age creep, means existing income streams can continue—but no new drawdowns or fund moves after the deadline if you’re under 57. It’s a wake-up call to stay flexible and adjust plans now. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7ddeee0eb94c5969