Commutation rates...

dunroving

At a rate of 10.7, if the OP plans to live for another 10 years or more, why not take the pension and invest it over 10 years? With luck it will grow to more than the lump sum on offer.

saver861

dunroving wrote: »

At a rate of 10.7, if the OP plans to live for another 10 years or more, why not take the pension and invest it over 10 years? With luck it will grow to more than the lump sum on offer.

Well I did have a similar conversation on another thread about this on deferring state pension. As I said then, yes you could invest it and at the end of the 10 years you will have a little more, thus reducing the stated benefits of deferring.

However, in this case it is occupational pension and, though the OP has not stated his/her age, its likely to be late 50's or early 60's. Thus other than ill health or a late age, its likely that the OP would lose on this deal.