Selected retirement age

Simply the age you choose to retire, but not necessarily the earliest you can access your pension pot.

You can use your pension savings to get a lump sum or an income once you’ve reached your minimum pension age – whether you’ve retired, you’re working part-time or you’re not planning to retire at all. Nowadays your pension is all about supporting you in later life, whatever you’re up to.

With The People’s Pension you can choose whatever retirement age you’d like (from your normal minimum pension age) – just log in to your Online Account to let us know. That way we can manage how your pension savings are invested appropriately.

Don’t forget though, if you do want to properly retire before you get your State Pension, then your other pensions, savings or income will have to be enough to live on. So, you may need to hold off for a few years, or start to claim your pension savings while continuing to work part-time.

With The People’s Pension you can choose whatever retirement age you’d like (from 55 onwards, or age 57 from 2028) – just log in to your Online Account.

And you don’t have to be actually retiring. The age you choose is just to let us know roughly when you’re thinking of accessing your pension, so we can manage how your pension savings are invested appropriately.

If so, you may be able to access your pension before you reach your normal minimum pension age – for ill health.

We’re not authorised to give you advice, but you can read more about your guidance and advice options on our website.