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Age 53 Pension Value £29161 annuity offer £791pa?

philng · 2012-09-24 19:29:01

Wife has just requested pension figures from her current works DC pension scheme. Pot value is £29161 but the annuity offer is just £791pa. This equates to just 2.7% pa of the value & increase by RPI or 5% as a max. For this lose the whole pension pot. Why are the figures so low as I am sure I could get a return of 5% by…

Comments

FatherAbraham Posts: 1,024 Forumite

4 April 2013 at 7:36AM

philng wrote: »

The option 3 retire from work and not take pension I don't think would be classed as a good leaver & therefore the £3500 loss on share plan would apply as this would I think simply be deemed as resigning.

Well, it's probably worthwhile finding out the definitive answer, rather than simply speculating about it, isn't it?

Have a look at the retirement policy of the employer, and look at the procedure for retiring.

Warmest regards,
FA

Thus the old Gentleman ended his Harangue. The People heard it, and approved the Doctrine, and immediately practised the Contrary, just as if it had been a common Sermon; for the Vendue opened ...
THE WAY TO WEALTH, Benjamin Franklin, 1758 AD

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