I'm near retirement - what are my options?
You decide when you want to retire. You could retire when you reach State Pension age or continue working. If you're close to your State Pension age, you can take action to increase your retirement income.
Tip one: boost your State Pension
If you think you might not be in line for a full basic State Pension, it's worth seeing if you can boost it by paying voluntary National Insurance contributions.
Tip two: work longer
There is no fixed retirement age in Northern Ireland. You may be able to boost your retirement income by working a bit longer, or by deferring your State Pension claim – or both.
Tip three: make the most of any personal pensions
Before you take your personal pensions, you get a better deal if you compare with other available pensions:
- Options when you take your personal pension
- Introduction to planning your retirement
Know your State Pension age
State Pension age is increasing. Over time, women will have the same State Pension age as men. If you are a woman getting close to retirement, this will affect you.
- State Pension age is 65 for men born before 6 April 1953
- State Pension age for women born on or after 6 April 1950 will increase to 65 between 2010 and 2018
- State Pension age for both men and women will increase to 66 between December 2018 and October 2020
- Changes to the planned increase in State Pension age
The age you can claim your State Pension will be determined by when you were born. You can find out exactly when you can claim your State Pension by using the State Pension calculator:
What are my options?
Your State Pension
State Pension is changing. If you are over 55 you should find out what this means for you.
Track down a lost pension
If you think you may have a pension but can't remember the details you can contact the Pension Tracing Service: