I am pre-1995 and will have 30 years service at aged 55 and considering retiring early but I’m a bit confused about how the pension is calculated. Presumably it will be actuarially reduced but by how much for the pension and lump sum. I will retire on 90k approx.
do you receive both immediately on retiring at 55 or do you have to wait until later for either or both?
I know you don’t receive s state pension at aged 66 but can you work perhaps part-time in the private sector and build up stamps to claim some of the state pension at 66. Would 2 days a week over 5 years be enough to claim part of it?
Thanks in advance.