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Classic Civil Service Pension
lisalis
Posts: 12 Forumite
Hi, I took my pension 4 years ago, 4 years early after 15 years service including a lump sum of 14k. I´m wondering if my options are now closed.
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Comments
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What options were you thinking of?0
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QROPS or something?0
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Why do you think QROPS (or something) would be better?0
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I don´t. Would it be?0
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You're the person who started the thread asking about "options" for a pension already in payment.
Maybe you could clarify your objectives?0 -
Release cash, all or part of it0
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Not an option, I'm afraid.
Even if you had asked this question 4 years ago, before you started to draw this pension, then the answer would still have been no. The CS pension is a public un-funded scheme, so your only choices back then would hsve been to take the pension (as you did) or transfer it to another DB scheme. Realistically, this could have only been another public sector scheme.
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OK, thanks for this, much appreciated.1
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