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USS flex retirement and TFLS question

bluebirdy · 2023-12-08 08:33:00

Hi, had some amazing advice already from you experts here but despite my very rapid learning curve, I remain v confused by somethings. I’ve gathered that it is possible to maximise TFLS by taking RIB/IB together (is that right?) but that (because LS is calculated on total pot?) some of the IB part can remain invested? I…

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PJM_62 Posts: 215 Forumite

22 January 2024 at 3:45PM

Not sure how many of you are aware of this but I just found out about the changes to early retirement (and flexible retirement ) factors that are happening from after 1Apr24.

https://www.uss.co.uk/for-members/calculate-your-benefits/factors-used-by-uss

I think it means an increase in the pension reduction from about 3.5% to closer to 5% , per year.

(also posted in New Planner thread)

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