Late retirement
If you like the idea of taking your pension after your Normal Pension Age, you may be interested in late retirement.
How does late retirement affect my pension?
For every year you delay your pension (after Normal Pension Age), your benefits will increase. We calculate the pension increases for late retirements using ‘factors’ set by the Government Actuary’s Department (GAD), which can change from time to time – but remember, you must start taking your pension by your 75th birthday, even if you continue to work.
If you choose to take late retirement, your pension benefit increases are automatically worked out by our online calculators. Get an estimate today by logging in to PensionPoint and visiting the online calculator page.
