Late retirement

Most pension arrangements in the private sector permit members to retire after normal retirement age in certain circumstances. The benefits you receive are likely to be higher than they would otherwise be at normal retirement age.

In occupational pension schemes, late retirement is generally possible with the employer’s and/or trustees’ consent.

For personal retirement savings accounts, retirement benefits can be taken from age 60 with no upper limit. For existing retirement annuity contracts, retirement benefits can be taken from age 60 up to age 75.