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Retiring Early

For Leonardo Electronics Members

If you’re thinking about retiring before your normal retirement date (age 65), there are two really important factors to consider:

  • do you understand how your pension is reduced for early retirement?
  • will your income be sufficient to enable you to retire early?

The pension modeller is a useful tool to help you plan for your retirement and consider the impact on your pension of retiring at different retirement ages. You should request a pension quote to review your finances and help with your retirement planning. There is also more information in the Scheme booklet that applies to your section of the Scheme.