Pension lump sum

meg00

My mum has a small local authority pension from which she can take a 25% lump sum now with a reduced annual amount later, or leave the full amount until 2022, when she reaches state retirement age.

Can she opt to leave the 25% and withdraw it next year and gain potential increases in CPI?. The documents only give two options which are 25% now or full pension in 2022.
No one answering the phone from the pensions helpline.....
Thanks.

Silvertabby

No, it's all or nothing. ( I think you've misunderstood 25% now/reduced annual pension later - it would be 25% tax free cash on or just after her birthday, with the first monthly pension payment at the end of the month).

It sounds like she is 60 now, but her (LGPS) retirement age is 65.

If she takes her pension at 60 it will be reduced for early payment by roughly 5% per year.

If she doesn't need the money now, then it would make sense to leave it until 2022