When do you want to retire?
Retirement is no longer a fixed time in your life. You can take early retirement or carry on working beyond state pension age, the choice is yours.
If you decide to retire early, you can currently claim your workplace or private pensions from the age of 55. Your state pension will not be available until you reach state pension age.
Taking early retirement can be an attractive option but you should remember that you are likely to receive a smaller pension if you retire early.
If you carry on working beyond state pension age, you will no longer have to pay national insurance. You can also delay drawing your state pension which means you will receive a higher amount when you retire.