We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Pension Transfer Specialist Help

Misteeq · 2024-09-03 16:44:05

Hi, Following on from my other post yesterday, can anyone advise a Pension Transfer Specialist please? The pension I would like to cash in has a special feature - Guaranteed Annuity Rate. I now understand why Royal London have advised I need to speak to a Pension Transfer Specialist. (I was not aware of this before as not…

Comments

coyrls Posts: 2,509 Forumite

4 September 2024 at 4:40PM

dunstonh said:

My understanding of a GAR is that it has to be taken at a specific age.
There are some like that. And the worst case scenarios may even have a limited window before the GAR is lost. However, both the ex CIS pensions and ex Scottish Life pension, both now with RL, have GARs that improve with age.

Ok, more complicated than I realised, which is often the case!

0