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early pension withdrawal advice needed
Comments
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Early retirement would be classed as an occupational pension transfer. Not an open market option. As its a final salary scheme, you will find most providers will want an IFA to sign off on it. You are not going to get that on execution only basis.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Yes but he's over 52 and entitled to take benefits, so IMHO he should at least ask around.the company say the fund is in serious deficit so i think it may disappear before age 65.
Although the fund won't disappear now, as a protection fund has been set up,this may well provide justification for an IFA to advise a transfer out to take benefits.Trying to keep it simple...
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Yes but he's over 52 and entitled to take benefits, so IMHO he should at least ask around.
Its before scheme retirement age though and the trustees will not allow early retirement. So it would require a pension transfer and not open market option. That is G60 pension specialist territory.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
thank you for your replies
i shall now seek out an ifa0
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