Final salary pension of £18k,what would it be if taken at 55

[fentshire]

If anyone can help I would be very grateful.

One of my pensions is a final salary scheme, which I can take at 65 and will give me an annual pension then of £18k. This income will continue to increase with inflation until I finally take it. So in 13 + years it will be a higher amount. I no longer work for this company.

I can take the pension early at 55 (which is just over 3 years away, but would clearly be a lesser pension ). I was wondering, if I had just turned 55 years old now, what actuarial reduced pension I might get?

[PurpleMoonlight]

I would say approx. £10,000 pa.

[Warmfuzzies]

Late to the party, but my old company pension was a 3% reduction for each year drawn earlier than expected.

Regards.

[N8CYL]

Most are 5% reduction per year. But of course you will get the money for extra 10 years.