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Early severance
waterman1
Posts: 10 Forumite
I have just taken an early severance package of 3 yrs wages approx 87K (tax to be taken out yet) and also have the option of an actuarially reduced pension.
Lump sum 18K and 6K a year now at 51 or 32K and 11K a year at 60.
I also have 240K in a year bond with nsandi and about 50k in other small investments. Should I lift my pension now or wait til im 60, I could lift it and invest it or spend it.
Any suggestions on how I could maximise my money as I am not really fussy about taking a full time job again. I have no debts.
Thanks
Lump sum 18K and 6K a year now at 51 or 32K and 11K a year at 60.
I also have 240K in a year bond with nsandi and about 50k in other small investments. Should I lift my pension now or wait til im 60, I could lift it and invest it or spend it.
Any suggestions on how I could maximise my money as I am not really fussy about taking a full time job again. I have no debts.
Thanks
0
Comments
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I would grab it now as no one knows how things will be in the future.
N.Never be afraid to take a profit.
Keep breathing. :eek:
Just because I am surrounded by FOOLS does not make me wise. :j0
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