MSE News: Deferring your pension set to be worth less from 2016

kidmugsy

Doc_N wrote: »

you can't have it both ways!

Oh yes you can. You are allowed to defer twice. So if you defer for, say, three years and take the lump sum and a few weeks of pension, you can then accumulate some extra pension by "deferring" a second time. Easy-peasy.

Doc_N

kidmugsy wrote: »

Oh yes you can. You are allowed to defer twice. So if you defer for, say, three years and take the lump sum and a few weeks of pension, you can then accumulate some extra pension by "deferring" a second time. Easy-peasy.

But you'll still have lost altogether the earlier period of the 10.4% pa uplift if you take the lump sum. The second deferral may gain you a further period of increase, but the first period will have gone.

You really can't have it both ways.

kidmugsy

Doc_N wrote: »

But you'll still have lost altogether the earlier period of the 10.4% pa uplift if you take the lump sum. .

Well, of course she will. She's already doing very well at the expense of her fellow taxpayers by enjoying this ludicrously extravagant system; you can't reasonably expect further extravagance.


You also seem to be confused when you write

Doc_N wrote: »

The concern is that she could lose all the deferred pension, with nobody (government apart) getting any benefit from it.

and then contradicting yourself with

Doc_N wrote: »

a spouse can inherit the lump sum on reaching pension age, but only part of the higher pension.

Doc_N

kidmugsy wrote: »

Well, of course she will. She's already doing very well at the expense of her fellow taxpayers by enjoying this ludicrously extravagant system; you can't reasonably expect further extravagance.


You also seem to be confused when you write and then contradicting yourself with

As you wish. I'll leave you to your thoughts.