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 October 2023 – 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 1 October 2023 - lump sum
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.