Late retirement

You may choose to retire after your normal retirement age.

The level of your retirement benefits will normally be higher than they would at normal retirement age because:

  • there will be more time for you and TSB to contribute and for your savings to grow, and
  • the older you are, the less time your retirement income will be payable for.

What do I need to do?

Request to take late retirement

If you would like to take late retirement, you should write to Equiniti to request this. Please ensure that you include your National Insurance number and Colleague ID.

You will receive late retirement figures

You will receive documentation from Equiniti, which will include projected late retirement benefits along with details of all the retirement benefit options available to you. You should review these to determine whether you would still like to retire later.

You choose

If you decide you would like to take your retirement benefits at this time, you should complete the paperwork you received and send it back to Equiniti.

You will then receive confirmation of your choices.

Things to consider
  • If you are considering retiring later, you may want to review your current investment approach.
  • The earliest you can receive your State Pension is when you reach State Pension Age but you can consider deferring it. Visit the GOV.UK website for more information.

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