When ever you feel the need to. Depending on the country you reside or have worked for, it's pretty hard to get pension until they say you can.
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The choice on when to withdraw your pension lies with you.When would you say is the best time to take your pension? I am still young and am still letting my pension grow, but I was wondering, when is the best time to collect your pension? I was going to wait until I retire. Should I retire at 65 or retire a bit early? I hear the earlier you retire, the smaller your pension will be. Is this true?
I think if you are a government worker, you cannot take out your pension until you're retired. It is more flexible in the private sector, you can discuss terms with your company whenever you're willing to withdraw your pensions.When you are sure that you need money, and you definitely have plans to generate more money with your retirements savings then you can go ahead and withdraw
There are laws that partain to how you will get your pension,but the little experience i have about working with a private organisation is that you are given what is due you based on the years you have put in.It would be good to collect a pension when you are in good health, I think it is the best time, but for government workers there are laws that must be observed. In fact, that information is true, if you obtain your retirement before completing the years of service, the monthly payment percentage decreases, depending on the remaining years. If you comply they give you 100% of the salary, otherwise it goes down to 80% or less