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Cash transfer value of pension

alanrc · 2016-06-27 16:07:42

Hi I have a deferred pension, which was a 40/60 scheme, with ended up with national grid. I am currently 55.5 and the pension is payable at 60 at a current rate of £11472 / year. £402,776 I asked for my figures at 55 and was given a figure of £9036/year or a tax free lump sum of £44,848 and a reduced pension of £6727/year.…

Comments

kidmugsy Posts: 12,709 Forumite

13 September 2016 at 5:10PM

alanrc wrote: »

decided to take the cetv value of £402000,
Paperwork was late and the cetv had to be recalculated.
Received £451000 which is now invested in a personal pension.

In your shoes I might prefer to see it invested in two, or even three, different pensions. Diversification defends you not only from problems that you can foresee but also from problems you can't.

Free the dunston one next time too.
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