do i need to take my lump sum in one go

markbsac

yeah its a difficult one im prob looking at her having a 50% pension that along with her state pension will be ideal, but we will have a chat about it when i come to draw it.

markbsac

just had an email from my pension fund...i have to take it all in one go...or transfer it out to a drawdown for more flexibility

cloud_dog

This is usual for DB schemes, at the NRA you start taking the pension and take the TFLS.

Usually you are able to take a smaller percentage of the TFLS if you wish (this, obviously, would have the effect of increasing your annual pension amount).

markbsac

ill take it in one lump sum and reinvest it