We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

over 55 tax free lump sum

2»

Comments

  • jem16
    jem16 Posts: 19,845 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    atush wrote: »
    Taking a FS scheme 5 years early will mean giving up 25% of the pension if not more. Yikes

    The normal age for deferred members to access their pension is 65 so it's likely to be around a 50% reduction.
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Yikes! Hope he comes back and realizes this?
  • jem16
    jem16 Posts: 19,845 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    atush wrote: »
    Yikes! Hope he comes back and realizes this?

    He has been back to day although has still not answered the question about what type of pension it actually is. So I'm not sure if he really understands it all.
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    And he never will (to this thread anyway) because he is a numpty and decided to use a pension liberation firm?

    Yikes.

    dont think I have ever said yikes so many times in one post lol
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.2K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.8K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture