Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the effect on my benefits if I leave before normal pension age?

April 26, 2017age Benefits leave normal Pension

0

Posted

What is the effect on my benefits if I leave before normal pension age?

1 Answer

0

Posted

A. Provided you are aged 55 or over you may retire on the grounds of Actuarially Reduced Retirement or Phased Retirement. When such benefits are paid factors are applied to the retirement pension and lump sum to take account of the early payment. Again, based on your assumptions the retirement calculator on the website can be used to provide such estimates of reduced benefits.