A Self-employed person is distinct from an employee in that he works for himself. He is not employed as part of the business of another, neither is his work integrated into the business of another, but is only accessory to it, or, it is done by him, on his own account. Generally, such a person controls the terms and conditions under which he works.
|Year ofBirth||Month of Birth(Month Range)||Retirement|
|1952||January – June||2012||60 1/2|
|July – December||2013||61|
|1953||January – June||2014||61 1/2|
|July – December||2015||62|
|1954||January – June||2016||62 1/2|
|July to December||2017||63|
|1955||January – June||2018||63 1/2|
|July – December||2019||64|
|1956||January – June||2020||64 1/2|
|July – December||2021||65|
(N.B. 1/2 year = 6 Months)
How to use the above chart
In order to determine the Pensionable Age for an Insured Person, first select his year of birth, then move across (in the same row) to select the Month Range during which he was born. The next two adjacent cells indicate, respectively, the year during which he will reach the Pensionable Age applicable to him and the said Pensionable Age.
For example, a person born in April 1954 will attain his Pensionable Age of 62 1/2 (i.e. 62 years and 6 months) in October 2016 – at which time he will become eligible to receive his full pension. Similarly, a person who was born in November 1955 will qualify for his full pension in November 2019 when he reaches the Pensionable Age of 64 – which is applicable to him.