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!
Taking a SIPP at 55 while entitled to DB pension at 60
Comments
-
They've already announced the intention to raise the age to 57 in around 2028 and then keep it at 10 years below state pension age.
Since saucer will be 55 in 2023, unless the government ramps up the raise in age five years earlier than planned, there should be little to worry about here?0 -
Sorry, slightly tangential, but:DB lump sum ( which is calculated as 3 times my pensionable pay at 60)
Do you mean 3x your pension at 60? This is a very different thing to 3x your pensionable pay at 60.I am a Technical Analyst at a third-party pension administration company. My job is to interpret rules and legislation and provide technical guidance, but I am not a lawyer or a qualified advisor of any kind and anything I say on these boards is my opinion only.0 -
Yes...sorry I meant 3x pension!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards