Retirement age

There is much flexibility and choice in retirement under the Plan and more details on how you can arrange your retirement can be found in the following pages. This first page provides details on the ages from which you can draw your pension.

For the purposes of calculating and paying your pension under the Plan, your Normal Pension Age is age 60. This means that there are two options available to you once you have reached age 60:

• Retire if you wish.
• Continue to be employed by the Company and continue to save through the Plan and enjoy the benefits of Plan membership, in accordance with the Plan Rules.

* The Company's intranet pages provide further information on your employment rights.

Minimum retirement age

You can currently retire and use your Retirement Account to purchase benefits at any time from age 55. However, you are able to request early retirement on the grounds of ill health before age 55.

Maximum retirement age

If you are considering delaying your retirement, you will have to take your pension no later than your 75th birthday.

Also see late retirement.

Choosing your retirement age for investment purposes

Under the Lifestyle investment strategy you will need to select a target retirement age. This must be between the Minimum and Maximum retirement ages above. To find out more about how the Lifestyle investment strategy works see the Investment Options page. If you do not make an active choice regarding your retirement age, the Plan will assume you wish to retire at age 65.

* The Company's intranet pages provide further information on your employment rights.