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<blockquote data-quote="shadwell" data-source="post: 18041" data-attributes="member: 7935"><p>Hi James, no there is no time limit on the enhanced annuity payments. The annuity provider has actuaries who decide an average life expectancy for various medical conditions and if your lifespan turns out (hopefully!) to be longer than this average then that's the risk they take and it's your gain!</p><p></p><p>Regarding how soon you can take retirement, that would depend on the type of pension plan you have. Current legislation allows most personal pension plan holders to take their benefits from the age of 50. However, employer based schemes such as final salary schemes may allow you to take your retirement benefits earlier on medical grounds although the grounds on which this would be permitted and the amount of pension payable would depend on the particular scheme.</p></blockquote><p></p>
[QUOTE="shadwell, post: 18041, member: 7935"] Hi James, no there is no time limit on the enhanced annuity payments. The annuity provider has actuaries who decide an average life expectancy for various medical conditions and if your lifespan turns out (hopefully!) to be longer than this average then that's the risk they take and it's your gain! Regarding how soon you can take retirement, that would depend on the type of pension plan you have. Current legislation allows most personal pension plan holders to take their benefits from the age of 50. However, employer based schemes such as final salary schemes may allow you to take your retirement benefits earlier on medical grounds although the grounds on which this would be permitted and the amount of pension payable would depend on the particular scheme. [/QUOTE]
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