Miners Pension Scheme, claim early ?

iwant2savemoney

Looking for some advise.

I reach the age of 60 in just over 3 months time, looking on my miners pension forcast if I claim now 3 moths early there isnt a great deal of differance in the amounts, I had a letter off the scheme today stating that  theres now a bonus of 32% on top of the guarateed pension, I didnt want to miss out on this so i'm thinking of claiming it now, is there any reason not to.

On-the-coast

No special knowledge of this pension - but worth familiarising yourself with what happens on Jan 1st with respect to inflationary revaluations.   

With my pension there’s a big differences between indexing that happens before I take it, versus after I take it. 

dunstonh

It is unlikely that a future change in government would go back on this gift from Labour to miners.  Labour certainly won't do and there isn't going to be a change of government in that time.