Paying into IWDC

Target Retirement Age

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Your normal retirement age is usually between 60 and 65, depending on your employer’s rules for your section.

However, if you are invested in a Lifestyle strategy, you should think about choosing a Target Retirement Age (TRA). This could be earlier or later than when you can normally take your pension.

A Lifestyle strategy automatically moves your contributions into investment funds which are thought best for your circumstances.

It aims to protect your Personal Retirement ​Account from sudden swings in the markets, by gradually switching your investments from higher growth to more stable funds. This process starts ten years before your TRA.

Th​at is why you must let RPMI know what your ​TRA is, otherwise you may be invested in funds that don’t suit your circumstances. Please remember, you should review your TRA regularly in case your retirement plans change.

See the Invest in your future section to read about the different funds on offer.

Not sure?

If you’re not sure about your retirement plans or investment choices, you can find a list of independent financial advisers in your area at


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