Earlt pension or lump sum??

btbright

Good evening,I am about to be made redundant at 58 with a company final salaried pension my questions are:-
1)should I take the reduced pension?
2)Should I take a reduced pension and lump sum?
3) Should I defer the pension untill 2013 when I retire?

I expect to keep working ,maybe part time or get a low paid job that I enjoy !

thanking you in advance and all the best any advice most welcome.
What would YOU do ?
Cheers:beer: :beer:

EdInvestor

We need some figures, eg amount of full and reduced pensions,lump sum and "commutation rate" ( the figure at which pension is converted to cash) to see if this is a good deal or not.

What other pension income are you likely to have, eg state pensions?

Forecast here:

https://www.thepensionservice.gov.uk

Balancing taxable versus tax free income could be an important factor in the decision.