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Taking a lump sum from a DB scheme - what might be the positives?
Comments
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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.0 -
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.1
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