Varying the amount of your pension
When reaching state pension age you can opt for a 10% higher Retirement Pension in the period between the first day of the month after you reach state pension age and the first day of the month after you reach the age of 70. In exchange you receive a lower pension in the years thereafter.
N.B.: this is a choice you can only make once! Once you have made the choice to affect the exchange you cannot go back on that decision.
Would you like more information and/or wish to know exactly what our pension scheme offers you? See the pension scheme or the brochure ‘Pension Scheme for participants who commenced employment after 31-12-2005’.