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What will a ‘Brexit’ mean for my pension?

By Kirsten Hastings, 20 Jun 16

With the referendum on whether or not the UK will leave the European Union only days away, Aegon has addressed some of the concerns about how a vote to leave could impact pensions.

Could there be changes to when I can take my pension?
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Could there be changes to when I can take my pension?

The minimum age at which you can take your pension is set by the UK government, which has made no suggestion that this will change as a result of a vote to leave the EU.

Additionally, UK state pension benefits are separate from any private pensions you receive. They are set by the UK government so are not directly affected by our membership of the EU.

As state pensions are paid out of income tax and national insurance receipts, it is possible that government decisions on any future increases could be affected by the future performance of the UK economy including if we were to leave the EU.

Tags: Aegon | Brexit | Pension

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.