The Scheme’s assumed Normal Retirement Age (NRA) is 65, but you can take benefits from your account at any time on or after your 55th birthday, (the Government proposes to increase this to age 57 in 2028). You can do this whether or not you continue to work.

You have flexibility over when and how you take benefits from your account. It may be that you don’t need the money yet, so you could leave your pension savings invested with opportunity to grow (although they may also go down in value). Also, you don’t have to take all of your pension savings in one go – you can take just part of your pension savings and then take further benefits at a later date as and when you need.

Visit the advice, tools and guidance section of the Fidelity website to find out more about your options.

Ill-health early retirement

If you’re unable to continue working due to long-term serious ill-health or disability you may be eligible to claim benefits from our separate disability insurance scheme. You may also be able to retire at any age from the Scheme provided you satisfy certain medical requirements and use your account to provide pension benefits. This might require consent from BNP Paribas or the Scheme.