45-year-olds should review pensions now - Winterthur

One of the many changes to pensions after A-Day will be the minimum age pension benefits can be drawn at will rise from 50 to 55. Although this will not take effect until 2010, anyone born on or after 6 April 1960 will have to wait an extra five years to draw their benefits compared to someone born just a day earlier. Winterthur Life say that although it doesn't seem a big change, reviewing a client’s retirement plans now means they will be in a good position to make the most of the new opportunities, as even if clients don’t have large pension arrangements, A-Day could dramatically affec...