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Final Salary Pension Transfer
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Just thinking out loud here, and I've no idea how realistic this would be, but you would be "put back in the same position" if you returned the £65k and were in exchange priovides with a £4k pa index-linked annuity.A £4k pa index-linked annuity would (depending on options) cost something like £100k (see HL rates here).As you've spent the £65k and presumably don't want to return it, you might instead expect to receive £35k of restitution - either as a payment into a pension or as a £1400 pa annuity.N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.0 -
i think this would be fair however there is a set calculation process .. i will keep you updated
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