Normal Minimum Pension Age definition

Normal Minimum Pension Age means the Member’s protected pension age under paragraph 22 of Schedule 36 to the Finance Act 2004.
Normal Minimum Pension Age means age 55; “OEIC” means an open-ended investment company;
Normal Minimum Pension Age currently means age 55, but is scheduled to increase to 57 in 2028 and 58 in 2039.

Examples of Normal Minimum Pension Age in a sentence

  • No Pension Benefit may be paid to a Member before his or her Normal Minimum Pension Age, unless he or she is suffering from Incapacity.

  • In addition, the Normal Minimum Pension Age (NMPA) set by the Finance Act 2004 does not permit retirement from the reformed scheme before age 55, other than retirement on grounds of medical unfitness.

  • At the date of this PDS, the UK Government have confirmed an increase to the Normal Minimum Pension Age from 55 years to 57 years from 5 April 2028.

  • Weak faith and carelessness are expressions of people’s irreligion, but even a pious person is not protected from spiritual sickness if he does not have a wise guide, either a living person or a spiritual writer.

  • From Normal Minimum Pension Age under the Finance Act you can use all or part of your 7IM SIPP Account to take benefits in any way permitted by the Trust Deed.

  • Retirement benefits A retirement benefit will be payable at the request of a QROPS Member who has attained the Normal Minimum Pension Age in the UK (currently age 55).

  • Each municipality, company, franchise location, branch office, and business that is applying for Full IPM Accreditation must request and pass a separate On-site Audit and employ a separate IPM Program Coordinator.

  • On 6 April 2028 the Normal Minimum Pension Age (NMPA) will increase from 55 to 57.

  • A Member’s benefits may be paid before the Normal Minimum Pension Age if the Member qualifies fora Serious Ill-health Lump Sum in accordance with paragraph 4, schedule 29 of the Finance Act.Pension Credit Benefits for an Ex-Spouse or an Ex-Civil Partner may also be paid at any time if Incapacity applies to the Ex-Spouse or the Ex-Civil Partner.

  • At the date of this OMI, the UK Government have confirmed an increase to the Normal Minimum Pension Age from 55 years to 57 years from 5 April 2028.


More Definitions of Normal Minimum Pension Age

Normal Minimum Pension Age means 50;] "scheme" means an occupational pensions scheme.]
Normal Minimum Pension Age means in respect of a Member or Deferred Retiree:
Normal Minimum Pension Age has the same meaning as in section 279(1) of the Act.
Normal Minimum Pension Age means age 55;

Related to Normal Minimum Pension Age