Tax free pension

QrizB

Shockingman said:

Going back to my original question,  all we would like is a valuation of how much income my wife would get per year from the DB and DC scheme so that we can work out how much shortfall would need to be covered by a reduced shift.

What was the last DB pension value she was given, and what was the effective date? You can probably estimate a current value from that.

For the DC scheme, you've already said you can see the value. What else are you expecting?

Shockingman said:

I myself am I a very good job that has a DB pension for the last 35 years, of which I will be retiring next year. Our scheme sets all its figures out very clearly each year in a statement,
Pot value
Annual income if taken today
Annual income if taken at normal retirement date
Transfer value
Etc

That sounds unlikely; DB pensions don't have a pot.

bjorn_toby_wilde

QrizB said:

Shockingman said:

Going back to my original question,  all we would like is a valuation of how much income my wife would get per year from the DB and DC scheme so that we can work out how much shortfall would need to be covered by a reduced shift.

What was the last DB pension value she was given, and what was the effective date? You can probably estimate a current value from that.

For the DC scheme, you've already said you can see the value. What else are you expecting?

Shockingman said:

I myself am I a very good job that has a DB pension for the last 35 years, of which I will be retiring next year. Our scheme sets all its figures out very clearly each year in a statement,
Pot value
Annual income if taken today
Annual income if taken at normal retirement date
Transfer value
Etc

That sounds unlikely; DB pensions don't have a pot.

Plus they don’t normally provide a CETV unless you ask for one.  It’s a lot of work to do that annually.