Benefit Commencing At Age

This is used to defer the start date of a pension until a point in the future.

Enter the age at which the pension will commence. For example, a pension may become payable from SPA. In this case SPA would be the Benefit Commencing Age.

Any remaining guarantee period calculated is based solely on the data contained in the data item Date Pension Commenced and not on the age entered here.

To value an immediate pension either leave blank or enter 0.