Taking a lump sum from a DB scheme - what might be the positives?

bjorn_toby_wilde

Thanks, that's an interesting article.

I have to wait a couple of months for the pension by which time, as you say, rates could be even better.

Scarum

Unless you are coming in to a cast-iron inheritance, taking a lump sum can help with house improvements.  For example, I am building in to my life budget a hydrogen compatible boiler (or heat-pump), new flooring etc.  This isn't money I have in my scheme of things but with lump sums, it is achievable.

I can't think of anything worse to waste a lump sum with than a holiday.  Perhaps a big party - but make sure you have the party before replacing the carpets.