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Original poster

Pension advice

27 replies

Jojoanna · 10/05/2021 17:03

Does anyone have any advice re pensions. I can take my company full pension or reduced pension with a lump sum. I don’t know which option is better ?

OP posts:
Original poster
Jojoanna · 13/05/2021 17:58

Very helpful advice in this thread

OP posts:
thebeach · 16/05/2021 20:02

You should see advice as suggested but I would be wary of the transfer value, as a DB indexed linked pension is very valuable and takes away any concerns about money for the rest of your life.

Having said that, and acknowledging that @WombatChocolate makes some important points, I think I would take a lump sum if I knew for certain I could live off the reduced pension (given that you're likely to receive state pension as well - you can get a quote for that to check) so I had some money in the bank for little extras to enjoy my retirement.

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