Retiring at your own choice Here are the ages you can retire at your own choice: From 60: this is your right, and you don’t need your employer’s permission Before 60: this is only possible if you have your employer’s permission. Minimum age restrictions apply. Minimum age requirement

And by drawing your benefits before age 65, you may well find they are reduced to take account of the fact you are drawing them early. Whether reductions apply depend on when you joined the Scheme, how much membership you have, and how old you are.

Members who joined on or after 1 October 2006
If you joined on or after 1 October 2006 your benefits will be reduced if you choose to draw them before 65. The reductions depend on how long it is until you will reach 65 - the younger you retire, the bigger the reduction.

Table of reductions and example

If you joined before 1 October 2006
If you joined before 1 October 2006 and you build up enough membership, you will have a smaller reduction, or even no reduction.

Click here if you joined before 1 October 2006

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