Nurse - Early Retirement query

guinness

Registered User
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I am considering early retirement at the age of 58 as opposed to my original chosen retirement age of 60. As i would not have had sufficient years of service i have been contributing quite a lot to AVC's ove the past 10 years. I have made an appointment with cornmarket to discuss the AVC's and implications however can someone advise me as to implications to my govt pension if i retire 2 years early. I will have approx 28 years service.
Many thanks
 
I am considering early retirement at the age of 58 as opposed to my original chosen retirement age of 60. As i would not have had sufficient years of service i have been contributing quite a lot to AVC's ove the past 10 years. I have made an appointment with cornmarket to discuss the AVC's and implications however can someone advise me as to implications to my govt pension if i retire 2 years early. I will have approx 28 years service.
Many thanks

If you retire at 58 an actuarial reduction will be applied to your 28 years

see here
 
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