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**Chris** · 01-03-2017, 14:52

The magic figure is 15 years.

---------- Post added at 14:52 ---------- Previous post was at 14:47 ----------

If you retire 5 years early and get a 25% reduction as a result, they pay you £7,500 for life rather than £10,000. So by the time you reach the regular retirement age, you're £37,500 to the good. Thereafter, you continue to receive £7,500 per annum where you would otherwise have received £10,000, a difference of £2,500, so every year that £37,500 advantage is eroded at the rate of £2,500 per year. 37,500/2,500 = 15.

01-03-2017, 14:52	#2
Chris Trollsplatter Cable Forum Team Join Date: Jun 2003 Location: North of Watford Services: Humane elimination of all common Internet pests Posts: 36,974	Re: Calculation check The magic figure is 15 years. ---------- Post added at 14:52 ---------- Previous post was at 14:47 ---------- If you retire 5 years early and get a 25% reduction as a result, they pay you £7,500 for life rather than £10,000. So by the time you reach the regular retirement age, you're £37,500 to the good. Thereafter, you continue to receive £7,500 per annum where you would otherwise have received £10,000, a difference of £2,500, so every year that £37,500 advantage is eroded at the rate of £2,500 per year. 37,500/2,500 = 15.