Pension freedoms were introduced in 2015 and apply to anyone who has a Defined Contribution (DC) workplace pension today. The freedoms allow you to flexibly access the money saved in your DC pension plan. They initially came into force for pension savers from the age of 55, but this will rise to 57 from April 2028.

Our guide aims to inform you of the main headlines that surround the pension freedom rules and how they impact different situations and circumstances. This is an overview, not a detailed analysis. 

We are especially keen to emphasise how the rules influence the way you may approach financial planning. This is not a technical guide – some of these areas remain complex, and detailed aspects may change depending on your circumstances. Contact us for a no obligation appointment to speak with us and better understand your options, before making any final decision on how to access the money in your pension.