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Retire at 54 - Railway DB scheme
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Some schemes have different early retirement factors if you take the pension immediately compared to if you take the pension later.Silvertabby wrote: »Are you sure about that? I've heard of hybrid schemes which pay the equivalent of the State pension until the State pension kicks in, then reduce by that amount, but not one which reduces from 55.0 -
The relevant legislation is found here with examples: https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm0622300
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...take my pension at 55, but the estimate obtained from the scheme meant £7,500 less pension per year than simply taking a pension at 54.The scheme supplied me with quote based on this and it was £7,500 less per annum than if I remained in the scheme an extra year to 55
These two statements seem to me to clash.Free the dunston one next time too.0
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