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

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  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
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    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.
    Free the dunston one next time too.
  • Doc_N
    Doc_N Posts: 8,391 Forumite
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    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
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    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.
    Free the dunston one next time too.
  • Doc_N
    Doc_N Posts: 8,391 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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. :D
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