'Attractive' Enhanced transfer value from former DB scheme

GDB2222

Malthusian wrote: »

Unless you won't need ~£18k per annum to live on in retirement (DB pension + State Pension), it's having guaranteed income that gives you flexibility - flexibility to do what you want with your other pensions and savings. E.g. flexibility to retire early and spend your savings from age 60 or earlier, knowing that the DB pension will kick in at 65, or to invest your DC pensions more aggressively and grow the fund for luxuries, knowing that you don't have to worry about the effect a market crash will have on your income.

The family history of Alzheimers is not something you can do a lot about. Certainly it would be foolish to retire in your 50s and spend all your pension money in 10 years on the assumption that you'll get Alzheimers in your late 60s. It might never happen.

In addition, having a guaranteed income is very helpful if suffering from Alzheimer's. It's one less thing to worry about.