Query around Defined Benefit Pension Transfer

Albermarle

A balance sounds probably a good call and it is my aim to drive the performance of my current pension as much as I can over the next 18yrs or so.

In fact having the DB scheme as a backstop , allows you to be braver with your DC investments .
Probably if you transferred the DB scheme , into one bigger DC pot only , you would probably be more cautious .

Worth checking, my DB scheme deducts 5% ( if retirement is granted pre 65 by the company ) for every year before the age of 65, does yours ?

Most schemes do this ( sometimes it is only 4% ) but as you are getting the pension for longer it works out about the same as waiting to 65 in the end.

LHW99

Also I believe DB schemes are counted as 20 x income against the LTA, whereas DC pots count at actual value.