When will my benefits be paid?

12:36, 03 Mar 2008

Your deferred benefits are normally payable from age 65, or from your normal retirement date if you left before 1 October 2006, although they can be paid earlier.

When can they be paid earlier?

On ill health grounds at any age, without reduction, if you are no longer capable of performing the duties of your old job. You should contact your former employer to arrange a medical, if this applies to you.

You can request early payment of your deferred benefits from age 50 (age 55 from 2010), but you must have your former employer’s permission for payment before age 60 and your benefits may be reduced.

If you choose to draw your deferred benefits early, your benefits may be reduced to take account of being paid for longer. How much yours are reduced depends on how early you draw your benefits.

---

Back