I'm just about to submit my application for early retirement at Christmas. I will have worked full-time for 37 years and 104 days and will be aged 58 years and 9 months. On the TPS site my average salary for calculation purposes is £48,000 whereas my actual salary (the highest it has been) is £43,812. Is it usual for the average salary on TPS to be higher than your actual salary at retirement? I'm getting nervous because all my calculations are based on this average salary, not my actual finishing salary and it makes quite a difference to what I would get . . . I have used the actuarily reduced calculator, inputting this average salary and would be very happy with the outcome if this is correct.