There is a growing interest in analysing the freshness of data in networked systems. Age of Information (AoI) has emerged as a popular metric to quantify this freshness at a given destination. There has been a significant research effort in optimizing this metric in communication and networking systems under different settings. In contrast to previous works, we are interested in a fundamental question, what is the minimum achievable AoI in any single-server-single-source queuing system for a given service-time distribution? To address this question, we study a problem of optimizing AoI under service preemptions. Our main result is on the characterization of the minimum achievable average peak AoI (PAoI). We obtain this result by showing that a fixed-threshold policy is optimal in the set of all randomized-threshold causal policies. We use the characterization to provide necessary and sufficient conditions for the service-time distributions under which preemptions are beneficial.