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Lump sum vs pension
Comments
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Has anyone ever done that and was it successful?
Dunno, but...
nothing ventured, nothing gained, or
fortune favours the brave, or
Oy, you stingy gits, offer me more and I'll consider it!!
......Gettin' There, Wherever There is......
I have a dodgy "i" key, so ignore spelling errors due to "i" issues, ...I blame Apple0 -
Doesn't necessarily look good but say you deferred your state pension for £4023.02 worth. That would get you an increase of £233.33 a year, inflation linked.
Trading £273.92 level for £233.33 inflation linked looks good if your life expectancy is normal.
Initially the level is 17.4% more. Time for inflation to make the state pension higher:
1% inflation: 17 years
2% inflation: 9 years
3% inflation: 5.5 years
4% inflation: 4.1 years
Looks like a far safer approach vs even moderate inflation to take the offer and defer.0
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