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Final Salary Pension
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This is just an observation and not intended to insult those who posted in favour of taking the cash but .....
Does it not tell us something about our general attitude to retirement income, when all people can think about is the lump sum?
To get the lump sum you're generally giving up (a) an income and (b) one that would rise in line with RPI, probably capped at 5% pa.
Another point to bear in mind, if you decide not to take the lump sum, you can't change your mind later. So it really is an issue to be very carefully considered before you make a decision.Warning ..... I'm a peri-menopausal axe-wielding maniac
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