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How to calculate TFLS when taking DB pension early
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I'm not going to type all the early retirement factors in but, for my scheme, if I take my pension 5 years early it is reduced by 77.4%
Surely you mean 'reduced to 77.4%' here?? That would be consistent with a 4% p.a. reduction.
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Oops, correct.JoeCrystal said:
Are you sure that is right?! That sound very steep actuarial reduction!cloud_dog said:I'm not going to type all the early retirement factors in but, for my scheme, if I take my pension 5 years early it is reduced by 77.4%
Should say 'reduced to 77.4%'Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone1
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