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When you can retire

Normal retirement age

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The Scheme's normal pension age is 65.  However, you can choose to from age 60.  Click on the links below for  retirement options.  Once you have decided when to retire read our steps to retirement section.

You can see and model retirement options on using the My Pension online service.


Summary of retirement options

Age 65 - everyone can retire with no reduction to the amount you get

Age 60 to 65 - you can still retire but pension may be reduced

After age 65 - retire anytime to 75th birthday - pension increased for late payment

Before age 60 - You can only retire before age 60 with the consent of your employer.  If you are interested in retiring before age 60, you should contact your employer in the first to find out what about their policy.