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Drawing a DB Pension early...
Comments
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Another general argument for taking DB pensions early is that if you are at risk of breaching the LTA (either just from the DB or from a combination of DB and DC schemes), then a lower amount as a starting point can avoid this - DB percentage of LTA used is 20x the annual payment.
Sounds like it may not be relevant in your case, but it is nonetheless a good reason in some situations.2 -
I thought I'd check back into this thread and thank everyone for their comments.I have decided to stick with the NRA.Thanks all.
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Bluenose the advice to use the DC pot first was excellent. It basically means deplete the non guaranteed before even considering the guaranteed.
Please pass this wisdom onto others.3
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