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Civil Service Classic scheme
lisalis
Posts: 12 Forumite
Hi all, new to this, but I´ve been reading through the forum.
I am a deferred member of the classic scheme with a smallish pension - about 5k a year with a 15k lump sum. I´m coming up to 57 and could do with taking the pension early for family reasons. Would I be that much worse off if I did take it 3 years early? I just don´t know what to do. If it´s 5% per year that you lose for each year, then perhaps it would be better to take out a loan instead? Anyone been in a similar situation? Thanks.
I am a deferred member of the classic scheme with a smallish pension - about 5k a year with a 15k lump sum. I´m coming up to 57 and could do with taking the pension early for family reasons. Would I be that much worse off if I did take it 3 years early? I just don´t know what to do. If it´s 5% per year that you lose for each year, then perhaps it would be better to take out a loan instead? Anyone been in a similar situation? Thanks.
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Yes thanks xylophone0
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