We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Tfls
igg59
Posts: 23 Forumite
hi there getting near that age when thinking of retirement,what are the pros and cons between tfls and the bigger pension.
0
Comments
-
What type of pension are you referring to?
Do you need a lump sum?
What retirement income method you are looking to utilise?
Are there any safeguarded benefits? (if money purchase)
What are the income figures with and without TFC? (if defined benefit).
That's just a few to get us started. It won't be the only ones as the answers will lead to more. However, as it stands, your question cannot be answered.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Pros - you get a lump sum
Cons - you get less money each month.
But you knew that already
So whats your real question ?0 -
If you took a lump sum, what would you do with the money?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards