Folks,
I recently posted about using some of my AVC fund to purchase reckonable service and received some great advice on this site, thanks to all.
Another fly has appeared in the ointment. As I really want to retire at 60, I decided to check into my normal retirement age. So I was employed for 9 years on a scheme which meant my normal retirement age was 60.
I then left to work in Australia. When I returned some years later, I was employed under a new scheme with a normal retirement age of 65.
I have been advised that if I was to retire at 60 I can only draw down the pension related to the 9 years with the remainder payable when I reach 65.
So to me it looks like I will have to wait to retire at 65 and all my avc and buying back years was all for nowt.
Can anyone advise me please and help me find a way to retire at 60?
I recently posted about using some of my AVC fund to purchase reckonable service and received some great advice on this site, thanks to all.
Another fly has appeared in the ointment. As I really want to retire at 60, I decided to check into my normal retirement age. So I was employed for 9 years on a scheme which meant my normal retirement age was 60.
I then left to work in Australia. When I returned some years later, I was employed under a new scheme with a normal retirement age of 65.
I have been advised that if I was to retire at 60 I can only draw down the pension related to the 9 years with the remainder payable when I reach 65.
So to me it looks like I will have to wait to retire at 65 and all my avc and buying back years was all for nowt.
Can anyone advise me please and help me find a way to retire at 60?