Opting out lgps

Matt_22

Thanks I have money in stocks and shares ISAs which has done well with compound interest. This is why am struggling abit with knowing what's right. I was set in the lgps offer to diversy. But unsure after I had an attempted work out 

Matt_22

It was also asking about ones health etc. do they always check this with annuities?

MallyGirl

Matt_22 said:

It was also asking about ones health etc. do they always check this with annuities?

Yes - health can affect how long they will need to pay out for

Matt_22

So in a way bad health would give you a better annuity. Though obviously not good to have

Matt_22

With a 10% yearly growth

Matt_22

With a 5% average growth

QrizB

Matt_22 said:

With a 10% yearly growth

And

Matt_22 said:

With a 5% average growth

Very nice.

Most of the regulars here wouldn't plan for investment growth to beat inflation by more than 2% or so. It's real growth that's important when you're comparing it to the CPI-linked LGPS.

What does 2% real growth give you over the same period?

Matt_22

Thanks cpi linked means inflation linked? I'm just over thinking it as I maybe made a mistake taking this job. I don't won't to make a mistake with my pension too. 

Matt_22

QrizB said:

Matt_22 said:

With a 10% yearly growth

And

Matt_22 said:

With a 5% average growth

Very nice.

Most of the regulars here wouldn't plan for investment growth to beat inflation by more than 2% or so. It's real growth that's important when you're comparing it to the CPI-linked LGPS.

What does 2% real growth give you over the same period?

 2% growth

Matt_22

Is that more realistic? On the peoples pension site it says 30k projected value