10th April 2026

Fidelity Adviser Solutions: Pension changes for 2026/27 and beyond

A series of pension changes are on the horizon that are intended to give greater clarity, stronger protections and more support when clients are making retirement decisions.

From 2026 to 2029, a range of adjustments are being phased in covering everything from how unused pensions are treated for inheritance tax, to the earliest age to access pension savings, and the type of guidance pension providers can offer. These changes are important as they could impact the support and advice that you may provide to your clients.

Here’s a timeline of the key policy shifts ahead, and what they could mean for you and your clients.

When: 6 April 2028

The earliest age for accessing most private pension savings in the UK is set to increase from age 55 to age 57.

From April 2028, the Normal Minimum Pension Age will rise from 55 to 57 for most people, meaning generally that withdrawals from a personal or workplace pension will not be possible without tax penalties until age 57.1

This change applies to those born on or after 6 April 1971, who won’t be able to access pensions at 55 after the new rules take effect.

For people with protected pension ages, earlier access may still be possible depending on the terms of their scheme. Ill-health retirements may also mean people can access their pension before age 57 even after April 2028.

3–minute read 

Pensions, Retirement