The Pension Protection Fund (Compensation) Regulations 2005 permit the postponement of compensation and any separate lump sum in specified circumstances up to age 75.

Pension compensation calculation

The amount of pension compensation, payable late, is calculated according to the table in the link below:

Late retirement factors from 1 November 2018 – periodic compensation

Lump sum calculation

The amount of lump sum that can be paid late - where the lump sum is a separate entitlement from pension, rather than derived by commuting pension - is calculated according to the table in the link below:

Late retirement factors from 1 November 2018 - lump sum

Previous periods

You can view late retirement factors valid for previous periods

Please note: From time to time we review late retirement factors, which may be changed without notice.