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How long does it take to put a preserved pension into payment?

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Valemort
Posts: 1
Joined: 01 Jul 2016, 18:51
Gender: Male

How long does it take to put a preserved pension into payment?

Post by Valemort »

Hi,

I left Royal Mail in 1994 with 8 years service and have a preserved pension under
Section B.

I am now 56 and wish to take my pension early and I'm aware of the the 5% reduction per year
if taking before NRA 60.

I sent the letter last week requesting early payment.

Does anyone know how long it would nornally take from requesting the early
pension to it actually going into payment?

I assume they will first of all send me details of the actual pension due and a payment
authority for bank details, that I would then return if I was happy to proceed.

Any help appreciated.