Early Retirement Rules Uk In Middlesex
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If you're aged 55 and over and you have agreement from your employer, you can choose to take part, or all of your pension benefits while you continue working in NHS employment and build your pension benefits in the 2015 Scheme. This is called partial retirement - it may also be known as drawdown.
The earliest you can get your State Pension is when you reach your State Pension age. You'll have to wait to claim your State Pension if you retire before you reach that age.
1995 section £20k salary£30k salary 10 yrs £2,500 £3,750 20 yrs £5,000 £7,500 30 yrs £7,500 £11,250 40 yrs £10,000 £15,000
Reduction in benefits for England and Wales members: Age at early retirementPension reductionLump-sum reduction 58 8.8% 4.6% 57 12.8% 6.9% 56 16.5% 9.1% 55 20% 11.2%6 more rows
Reduction in benefits for England and Wales members: Age at early retirementPension reductionLump-sum reduction 58 8.8% 4.6% 57 12.8% 6.9% 56 16.5% 9.1% 55 20% 11.2%6 more rows
