Can my pension be paid early?

Defined Benefit members

If you take your benefits before Normal Pension Age they will be reduced because:

• You will have been a member of the Scheme for a shorter time.
• Pensions paid early are expected to be paid for longer.

Defined Benefit members who joined their scheme after April 2006

• can take their benefits at any time from age 55 subject to the scheme rules.

Defined Benefit members who joined their scheme before April 2006

• can take their benefits from age 50, subject to the scheme rules, but also have to have left the employment the benefits relate to.

Defined Contribution members

• can take their fund any time after the age of 55.