Lifetime allowance Q.

aldershot

Administrator has returned with a forecast of £20,170 pa in 2025 when i reach 62. After that, it uprates by RPI capped at 5%. Current CETV is £375,000 which I don't think is worth taking. If that grew at 3% pa between now and 62, it would come to about £480k at that point, so about 24x. That seems a bit below life expectancy at that age (in my part of the country). There are no guarantees with the 3% either. It could be way higher or lower. I am inclined to leave it where it is and use it as a base living pension. Probably means I should take more risk with the DC pot.