Retirement
You can take your pension benefits from age 55 but as this is before you state pension age these benefits will be reduced because you are being paid them for longer.
However, the government has announced the earliest age that you can take your pension will increase from age 55 to 57 from 6 April 2028.
Thinking about your retirement in the future?
If you are thinking ahead and looking to retire within the next 2 years , we have recently partnered with Affinity Connect to host some useful retirement planning sessions and you can book your place on the link below;
Affinity Connect, are a specialist in providing financial education and guidance in public sector workplaces. Including NHS, civil service, police and fire and LGPS. They are currently working with 250 other LGPS employers and 660 employers nationwide.
These sessions are held online are just under 3 hours long and cover everything you need to think about when planning your retirement.
After attending the course , you will have the option to download a workbook and have access to a telephone/guidance helpline for independent guidance on retirements and general financial guidance.
Retiring soon?
If you already have a date for your retirement , there are monthly sessions held online to help you make sense of the retirement process hosted by the pension administrators LPPA:
Training • Local Pensions Partnership Administration (lppapensions.co.uk)
Further details on what happens to your pension if you are retiring can be found in the link below:
Scammers
Please beware of scammers. Don't let scammers enjoy your retirement benefits. It is against the law for firms to cold call on pension matters. Further information can be found at Protect yourself from scams | FCA