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Teachers Pension - Lump Sum advice please
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zygurat789 wrote: »But what do these figures mean which is good and which is bad?
With a commutation rate of 12:1 you give up £1 of pension for £12 of lump sum. With a 21:1 commutation rate you give up £1 of pension for £21 lump sum.
So in this instance the 21:1 rate is much better.0 -
I have got used to thinking the other way around so 21.1 is 4.76%
and 12.1 is 8.3%
being the current return on the lump sum if left in the pension.The only thing that is constant is change.0
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