Ill-health retirement

Protection for you if you can no longer work.

If your incapacity satisfies the definition of the Trustees (you are suffering from a permanent breakdown in health and are unable to carry on in your occupation), you could draw your pension when your employment ends, even if this is before age 55, in addition to any benefit provided by the Income Protection insurance.

The Trustees would seek evidence from a registered medical practitioner that you have had a permanent breakdown in health and are no longer working.

The amount payable depends on the value of your Retirement Account and the cost of buying a pension at the time of your retirement.

It is recommended that you take independent financial advice if you wish to consider ill-health retirement.