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Pension Advice needed - National Grid Defined Benefit Scheme

RoadToRiches · 2020-10-21 13:15:09

Been informed that I will no longer be able to contribute to this scheme from next year. So now I have a number of options open to me and considering taking a Transfer Value and putting it into a Interactive Investor account and attempting to grow the pot myself, but find I need a financial advisor in order to do this. I…

Comments

RoadToRiches Posts: 221 Forumite

30 October 2020 at 12:49PM

Not quite, I would have the following;
a) had access to my pension from 55
b) been able to take a tax free lump sum from my pension and pay off the house
c) had the option of working part time from 55 up to 65
d) the rest of my pot could go to extended family whoever I want rather than sit in a funds bank account

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