Home | About us | Contact us| Site map | Glossary| Feedback

 
Self-service Log in Register
Scheme information Scheme details Standard section Pension+ section XTRA Stakeholder pension plan The State Pension Who are the scheme advisers? Who are the trustees? Facts and figures Investments Divorce Civil partnerships
I am thinking of joining Why should I join? Help me choose What is available? Scheme guides
I pay into the scheme Benefit statements How can I top-up my pension? I am part time Family leave/temporary absence Pensions and divorce What happens if I die?
AVCs Why should I pay AVCs? Tax-free cash and AVCs AVC guides and forms Online access
Company visits Purpose of visits Sites to be visited Diary
I have left What are my benefits? Transfer options When can I receive my pension? What happens if I die?
Taking my pension What will I get when I retire? Tax free cash Retiring early Retiring late Bridging pension Flexible retirement Taking my pension
I have retired Keep up to date Pension payments Pension increases I am considering re-employment I am moving abroad What happens if I die? Press On
Pensions, tax and the State Tax concessions Lifetime allowance Annual allowance Transitional protection Refund of contributions Pension sharing on divorce Transferring in pension rights Tax office details State Pensions Nearing State Pension age
Tell us My circumstances have changed My address has changed Site feedback
Frequently asked questions Questions & answers I have a question
Useful links General pensions Daily Mail Group

Retiring early

You can retire from age 50, provided you have at least two years' qualifying service and you were a member of the scheme on 10 December 2003. Your pension is calculated in the same way as if you retired at normal retirement age, using your pensionable service up to your early retirement age. However, it will be reduced for early payment.

If you are, or have been in Pension+, your Pension+ pension will only be reduced for early payment if you retire before age 60.

If you joined the scheme after 10 December 2003, you will only be able to retire from age 55 from 2010.