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Transferring in to a CS pension

3 replies

Puddingpieplum · 19/12/2023 20:34

Wondering if anyone can advise, or if I need a financial adviser maybe.
Pension pot of 100k available to transfer in, but the existing pension can be drawn at 60, CS pension linked to state pension age.
I'm wondering if it will be more beneficial to get 25k + inflation at 60, then a small pension possibly enabling part time working until 67.
It's not me, it's DH, he's asked for my advice and I don't know what to suggest.
Thanks wise MNetters.

OP posts:
AfraidToRun · 19/12/2023 21:21

I think you'll get more appropriate response on the pensions forum on moneysavingexpert.com as they have people there who are very knowledgeable on CS.

Puddingpieplum · 20/12/2023 20:58

@AfraidToRun thanks so much, I'll head over there now

OP posts:
Thelondonone · 20/12/2023 21:01

You need a financial advisor but one that knows about cs pensions. I saw a high street bank and he said don’t leave the teacher’s pension (no shit Sherlock). However, it also depends on your circumstances, by 60 I’ll have paid off my mortgage and my mum was diagnosed with dementia at 63 so no fucking way am I waiting until 68!

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