Can you collect pension and still work?

Your pension plan benefits are not dependent on your work status. You receive these benefits when you retire, but you’re allowed to continue working for another employer. You must, though, retire from the employer that you are receiving pension benefits from.

Will my pension be affected if I work part time?

Your pension rights as a part-time worker As your earnings as a part-time worker are likely to be lower than someone who works full-time – what you get at retirement is also likely to be lower.

When can you draw your pension?

You can start taking money from most pensions from the age of 60 or 65. This is when a lot of people typically think about reducing their work hours and moving into retirement. You can often even start taking money from a workplace or personal pension from age 55 if you want to.

Can I take my teachers pension at 60 and still work?

Answer: If you’re receiving Age final salary benefits and you remain in pensionable employment, or you’re receiving Age or Premature final salary benefits after leaving pensionable employment and then return to work, your pension may be suspended.

Can I buy extra years on my teachers pension?

Members of the Teachers’ Pension Scheme can make additional contributions to buy extra pension for when they’ve retired. It can be bought solely for personal benefits or for personal and partners’ benefits.

Can I take my civil service pension at 55?

You can claim your full pension benefits if you retire when you reach pension age, which is usually 60 for classic, classic plus and premium members and 65 for nuvos members. If you leave the Civil Service after reaching age 50 (55 if you joined after 1/4/06) but before pension age you can claim your benefits early.

Can I cash my pension in at 55?

When you reach the age of 55, you may be able to take your entire pension pot as one lump sum if you want.

When can teachers draw their pension?

age 55
If you wish to retire early, you can start drawing your pension from age 55, though you’ll need to make sure you can afford to fund a longer retirement. You’ll face an early retirement penalty if you take your pension before the normal retirement age (NPA).