Can I delay receiving my deferred pension?

You can delay receiving your pension after your Normal Retirement Age, up to a maximum of age 75. If you do this, we will add late-retirement increases to your pension to compensate you for the delay in payment. Your Scheme's actuary will work out the increases, and we will add them instead of normal Scheme increases.

When you start drawing your pension, normal Scheme increases will apply.

Please contact us at least three months before your planned retirement date to ask for a retirement quotation.