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What age can I start taking my pension?

This depends on the type of pension you have, but most schemes allow you to begin drawing from the age of 55.


As long as the terms and conditions of your contract allow, you don’t need the consent of your employer or provider to begin taking your private pension benefits from whatever age they allow – usually 55.  

If you’re a member of a workplace pension scheme, you probably will require the consent of your employer or ex-employer if you want to start taking the benefits early. In some instances, you may also need the consent of any pension scheme trustees.  

If you are a member of a defined benefits scheme, your pension may be reduced to account for the fact you are being paid early and for a longer period of time. The state pension age is currently phasing up to 66 and is set to gradually increase to 68 by April 2028. 

Updated on 3rd November 2020

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