If you choose to retire early (before your normal pension age) reductions may apply to all, or part of your pension, as it's being paid for longer.
| Years early | Pension reductions | Lump sum reductions |
| 0 | 0% | 0% |
| 1 | 5.1% | 2.3% |
| 2 | 9.9% | 4.6% |
| 3 | 14.3% | 6.9% |
| 4 | 18.4% | 9.1% |
| 5 | 22.2% | 11.2% |
| 6 | 25.7% | 13.3% |
| 7 | 29.0% | 15.3% |
| 8 | 32.1% | 17.3% |
| 9 | 35.0% | 19.2% |
| 10 | 37.7% | 21.1% |
| 11 | 41.6% | N/A |
| 12 | 44.0% | N/A |
| 13 | 46.3% | N/A |