Active
Deferred
RetiredBefore you retire
An estimate of your benefits
When you have decided to retire, tell your employer.
They will arrange an estimate of the benefits you will be entitled to when you retire.
Balancing your benefits
When you have got your pension estimate, as long as you keep within the limits set by HM Revenue & Customs you can give up part of your pension to get a bigger lump sum.
Have a look at the statement that you got with your pension estimate. It shows you the maximum amount of pension you can give up, and how much extra lump sum you will get.
Claiming your pension
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