PCLS - Should you always take it?

Parking_Trouble

She has a deferred DB pension (from 25 years ago) and an active NHS pension. Her NHS job is part time and she doesn't pay tax.

The DB pension has a very attractive CETV value (according to WTW) which she wants to put in a SIPP when she is 55 next year, mainly so she can lay her hands on 25%. She will almost certainly inherit her 88yo father's property.

We can live on my primary pension and I also plan to put a secondary DB pension into a SIPP.

I reckon if I die she can manage on half my pension, SIPPs, state and NHS pension, plus she could downsize and release some equity.

Still a lot to consider in the next few months.