1 September 2026
If you’re no longer paying into the Fund but haven’t yet accessed your benefits, you may be able to put off accessing them up to the age of 75.
The Fund’s normal retirement age is 65 but you may be able to defer payment so you start collecting your benefits later.
There are a number of factors which may influence your decision to defer the payment of your benefits, including any tax impact and when you receive any State pension.
If your pension is in the DB Section, you might be eligible to receive an increase to your pension if you defer its payment. Contact WTW to find out what late retirement factors apply to you and any conditions that have to be met for them to be applied. The amount of increase will be determined by the Trustee on the advice of the Fund actuary and will depend on your age at retirement. WTW will be able to provide you with an illustration showing how your pension would increase.
Please note: if you don’t access your Fund benefits by your 75th birthday, you will lose the option to exchange some of it for tax-free cash.