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The practicalities of commencing drawdown from MP pension pots

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  • MallyGirl
    MallyGirl Posts: 7,261 Senior Ambassador
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Yes - the important bit is that you cannot improve any more
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • xylophone
    xylophone Posts: 45,667 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You have reached a full NSP so that when you reach SPA, you will be able to claim a state pension of whatever the  full NSP is at

    that time.

    Currently, 
    it increases each year by the highest of prices, earnings or 2.5%,  (triple lock).
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