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Pension Surcharge Reduction Factors

Age in completed years at start date of pension Pension Reduction Factor
70 12.7
69 13.1
68 13.5
67 14.0
66 14.4
65 14.7
64 15.1
63 15.5
62 15.9
61 16.2
60 16.6
59 16.9
58 17.2
57 17.5
56 17.8
55 18.1
54 18.4
53 18.7
52 19.0
51 19.2
50 19.5
49 19.7
48 19.9
47 20.2
46 20.4
45 20.6
44 20.8
43 21.0
42 21.2
41 21.4
40 21.6
39 21.7
38 21.9
37 22.0
36 22.2
35 22.3
34 22.5
33 22.6
32 22.7
31 22.8
30 23.0
29 23.1
28 23.2
27 23.3
26 23.4
25 23.5
24 23.5
23 23.6
22 23.7
21 23.8
20 23.9
19 23.9
18 24.0
17 24.1
16 24.1
15 24.2