Under existing legislation, if you are over 50 years old and hold pension benefits you are not currently receiving, you may be able to retire and start taking those benefits as a lump sum and/or income. If you don't want to retire yet, but have an urgent need for a cash lump sum, you may be able to unlock some of your pension fund as a lump sum.

However, from 6 April 2010, the minimum age from which pension benefits can be accessed jumps from 50 to 55¹.

If you were born between 6 April 1955 and 5 April 1960, this change in legislation affects you, as the option to access your pension will be put back by five years if you do not act before 6 April 2010.

After 6 April 2010 you will have to wait until you are at least 55 before you can access your pension.

If this change in legislation affects you, and you wish to retire in the near future, or you need to unlock a lump sum from your pension, contact us immediately:

Online - Click on the Apply Now link and complete our online application form

By Telephone - Call us free^† on 0800 952 0047

Pension unlocking will reduce your retirement benefits and is not suitable for the majority of people or circumstances.

¹ Retirement at earlier ages may still be possible on the grounds of ill-health.

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