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Which figure to use has been debated on this forum before without any firm conclusion. Also if the normal retirement age was 65 ( as is more typical ) then the Multiple would work out less and probably nearer to what is usually seen , a figure in the low thirties.AndrewB22 said:Yes, it’s actually 53x the pension I will be able to draw from July, when I turn 55. It’s 40x the amount I could take without lump sum at 60. I suppose the 40x is the better comparison.
In any case the Multiple is just a rule of thumb type figure for easy comparison and as you have detailed there are a lot more issues in play.1
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