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Transfer a small DB Pension or not?

JillyC8 · 2025-02-05 10:27:14

Hi, some advice needed. I have an old deferred DB pension from a part-time job I had years ago. The CTV is just £20,400 with an attached money purchase plan currently worth just over £10,000. The expected pension at age 65 (in 6 years) is forecast at approximately £1200 a year with an approximate £8k lump sum. Would it be…

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Whiterose23 Posts: 201 Forumite

5 February at 3:47PM

LHW99 said:

Would there be an option to exchange some / all of the lump sum to give you more guaranteed income (if you don't have a specific use for the lump sum?)

I’m not sure but it’s something I can ask about thank you.

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