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
commutation rate
igg59
Posts: 23 Forumite
Hi there just wondering is 18 agood,bad or average commutation rate
0
Comments
-
I would have thought about average.
Public Sector schemes are typically 12, and I have seen references on here to rates just above 20.
The rate isn't the only factor to consider though, all depends on individual circumstances, how much pension provision there is in total, health, dependants and whether you "need" a lump sum.0 -
It's better than all the Civil Service and other public sector, which is 12:1, but probably not as generous as some private schemes. For reference, my current private company DB is around 18:1.......Gettin' There, Wherever There is......
I have a dodgy "i" key, so ignore spelling errors due to "i" issues, ...I blame Apple
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