Could you retire a little later?

Tips to help you get to the living standard you want

If you take a pension later it is usually a bit higher.

A way to increase your pensions is to take them a little later than you planned to. Doing this means you:

Have more time to save into them before you access them - by working a little longer, you and your employer can continue to save into your pensions for longer, giving your pensions more time to grow.

Will be taking them later, meaning your pension is spread over a shorter period of time - this can often mean your pension is increased as it is paid over a shorter period.

Speak to us, and your other pension providers to find out how your pension might increase if you take it later. But, there can be downsides to taking pensions later such as having less time to enjoy your retirement savings.

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Just a reminder, this information is not financial advice and is designed to guide your retirement lifestyle choices and spending.

If you are ever unsure about the best thing to do, a financial adviser can help you.

We have partnered with Ecclesisatical Financial Advisory Services (EFAS) to provide expert advice on all financial matters.

See how EFAS can help

We're here to help you with your pension, whether you'd like to know more about saving more, or retiring at a different time.

Email us at pensions@churchofengland.org

Phone us on 020 7898 1802