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do i need to take my lump sum in one go

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Comments

  • markbsac
    markbsac Posts: 104 Forumite
    Part of the Furniture 10 Posts Photogenic Combo Breaker
    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
    markbsac Posts: 104 Forumite
    Part of the Furniture 10 Posts Photogenic Combo Breaker
    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
    cloud_dog Posts: 6,344 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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).
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • markbsac
    markbsac Posts: 104 Forumite
    Part of the Furniture 10 Posts Photogenic Combo Breaker
    ill take it in one lump sum and reinvest it
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