Women reach standard pension age when they turn 64 and men when they turn 65.
Once you have reached the standard retirement age, you are entitled to retirement benefits as an employee. You can decide to draw a pension or a lump-sum from the capital.
If your employee will be reaching ordinary retirement age soon, then you, as an employer, do not need to do anything. We will contact your employee directly and take care of all the formalities.
You do not need to do anything yourself. We will contact you in writing about two months before your retirement.
Before retiring it is important to think about how you would like to withdraw your retirement assets. You usually receive your retirement benefits in the form of a pension, but you can also have the retirement assets paid out as capital or as a combination of capital and pension.
Would you like comprehensive retirement planning advice? Contact your nearest retirement planning advisor or give us a call: 0800 80 80 80.
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