Your state pension starts at your state age of retirement. However, the statutory age operated by the pension scheme (fiscal retirement age) is 68. If you want to take early retirement, you can do so up to 10 years before your state age of retirement. However, it is advisable to consider the financial impact. Bringing forward your retirement will reduce your lifelong pension. You can simulate this with the Pension Planner.

See the NIBUD website to work out what income you will need to live on when you retire. See the SVB website for your state age of retirement under the current law and the pension agreement.

Subscribe for the Pension Preview so that you can prepare your pension in time. The Pension Preview is a mailing containing information about your pension and an overview of choices you can make. If you want to retire well before your state age of retirement, please subscribe for this mailing sooner so that you can prepare your pension in time. The site also provides a lot of practical information: see 'When to take action' and choose the situation that suits you best.

The advantage of retiring part-time is that you gradually reduce your work. This can be done both before and after your state age of retirement. Of course, you will need to discuss this with your employer. However, you should be aware that the pension that you allow to start before the age of 68 has an impact on the amount of your lifelong old-age pension. You can visualise the financial impact using the Pension Planner under 'My pension'. If it is financially feasible you can of course also choose to reduce your working hours and wait until you reach the age of 68 to receive your pension benefit.

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