Civil Service-lump sum or annual pension max? Lump sum investment options

[Deleted User]

kidmugsy wrote: »

26! If I were in your shoes I think I'd find the spreadsheet redundant. I'd simply plump for the lump sum unless, perhaps, I already had heaps of free capital sitting around. According to your financial positions, making pension contributions for both of you might be a good use of it. Or you might even have a good use for it in terms of ... spending.

The problem is, they's given me several options, not just a straight 'lump sum or not'.

There's options to have all of it linked to CPI or only part of it.
Where's inflation going? :rotfl: If only we knew!

Anyway, I'm waiting to see what Hammond has to say next week before making a decision, but at the moment a Lump Sum, together with part inflation linked seems a reasonable hedged bet to me. And it also gives the greatest spouse's pension.

And yes, 'unfortunately', I do have heaps of cash that I would rather have as an income ... wife wants to buy a second property but I'm not so keen.