Advice on using redundancy money to top up pension pots - worth it?

FIREmenow

A benefit of USS is that you can take more than 25% of the DC part tax-free when combined with the DB part. Sometimes that means all of it is tax free. But you have to take them together to do this. Lots of discussion of the calculation for this on the USS thread.

So if you want to retire early, having another DC pot you can draw on early might be beneficial so you don't have to take the USS which will be reduced by early retirement factors.

As others have said, if you have accessable savings you can live off instead, then salsac down to minimum wage is an option, to be topped back up with your redundancy money. You can put the amount below minimum wage into a pension, but not by salary sacrifice.

A couple of USS members are taking voluntary redundancy at the moment, there's been a bit of discussion about this recently on the USS Discussion Thread.

What_time_is_it

Thanks for all the useful info. And the link to the USS discussion thread.