Advice For the Younger Generation

jamesd

Blackbeard_of_Perranporth wrote: »

I am afraid that is the wrong thing to do. ... cie la vie!

More like c'est la mort. "severe ill health" in pensions terminology means having been told that your life expectancy is no more than twelve months.

jamesd

john_woods wrote: »

My husband 54 and two years ago I helped him cash in two pensions ... He cashed in due to severe ill health. ...

They have sent out the relative forms but we have no idea what to tick.
1/ Take as a "Cash Lump Sum"
2/ Take as a "Small Pension Pot"
...
Any help and advice would be so welcoming

If his doctors are still saying that his life expectancy is the no more than the twelve months required to qualify for a "severe ill health lump sum" tell them that the form doesn't have the correct choice on it and ask for a form covering a "severe ill health lump sum" payment.

A key feature of a "severe ill health lump sum" is that the money is tax free. Another is that it's available at any age.

Blackbeard_of_Perranporth

john_woods wrote: »

Deleted. Deleted

OP was telling us all about how they enjoyed their cruise and holiday when she cashed in her partners pension when he was under 55.

She wanted recompense. None was given here. She’s gone.

hugheskevi

"severe ill health" in pensions terminology means having been told that your life expectancy is no more than twelve months.

Just to note that in Defined Benefit schemes in particular it may well have a different definition.

In the post 2015 public service pension schemes it would mean being expected to be unable to do any work until Normal Pension age, and result in an enhanced pension payable immediately,.