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Which way to go
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The question you have to ask yourself is how much do you want to live on and what will you do with all the cash? I assume you have a full state pension due also.Astronut5 said:I don't need much to live on as £1000 a month is plenty to pay all my bills.
In your shoes and assuming I was in good health, I would live modestly on the cash in your bank until I was 60. This would preserve the DC pension and maximise your FS pension. Assuming I'm still in good health I'd only take the lump sum I need/want and max out the pension. That said, if you take the FS now you will be absolutely fine and could enjoy the best 18 months of your life.
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