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The decision to raise the normal minimum pension age (NMPA) from 55 to 57 was announced back in 2014 at the same time as Pension Freedoms. Clearly this wasn’t the big headline at the time but now we have draft legislation we are seeing news stories as some of the complexities of how the change is being implemented come to light.

The recent announcements on the new Health and Social Care Levy, and corresponding rise in tax on dividend income, will boost the attractiveness of salary sacrifice in the years ahead.

The Ministry of Justice recently launched a consultation on Modernising Lasting Powers of Attorney (LPA).

Whilst the travel industry is celebrating the lifting of many restrictions on overseas trips, rental holidays for commercial property in pensions are going in the other direction.

You may have seen headlines recently about the pension savings “crisis” hitting the self-employed. According to the latest Financial Resources survey from the DWP only 18% of working-age adults that are self-employed are currently participating in a pension. This is compared to 75% of employees of the same age.

The take up of Pension Wise appointments remains stubbornly low and the FCA’s recent paper “The stronger nudge to pensions guidance” is the latest in a line of initiatives designed to increase take-up.

This month we celebrate 15 years since pension simplification was introduced – Happy Crystal Anniversary all!

The Treasury recently released its consultation paper on how the increase in normal minimum pension age (NMPA) is implemented. We have known for several years that the increase from age 55 to 57 was planned to take effect from 6 April 2028, so there is no surprise in the increase itself.

This time two years ago I wrote about when not to use the pension annual allowance. This year this is particularly pertinent.

The first Monday back after the Christmas break has come to be known as “Divorce Day” – this year it fell on 4 January.