Retirement at Normal Retirement Date (NRD)
You usually retire at your NRD, the default age is 60.
When you reach NRD, you use your Pension Fund to purchase a pension that will provide you with an income for the rest of your life. You also have the option of taking a tax free cash sum, if you wish.
|Date of early retirement:|
|AVCs bonus fund:|
|Employer bonus fund:|
|Total fund at retirement:|
|Total gross annual pension payable:|
|OR: Tax-free cash sum:|
|AND: A residual annual pension:|