Deferred members over age 55 can use the Benefit Projector in 'MyPension'

Deferred members can choose to draw their benefits at any time between the ages of 55 and 75.

 

If you choose to draw your deferred benefits before your Normal Pension Age, your benefits will normally be reduced to take account of their early payment and the fact that your pension will be paid for longer. How much your deferred benefits are reduced by, depends on how early you choose to draw them.

 

If you are a Deferred member aged over 55 and are already a registered user of MyPension, you can login here and use the Benefit Projector to illustrate the estimated value of your pension benefits under different circumstances.

 

 

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Registered MyPension users can choose a 'Date of Retirement' (from age 55 onwards) in the Projector to view the estimated value of their deferred benefits, as well as move the slider in 'Conversion Options' to look at the different values of their annual pension and lump sum respectively: