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: | |
Employee fund: | |
AVCs fund: | |
Employer fund: | |
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: |