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TPS Scheme, How to claim with minimal actuarial reduction.
IAMIAM
Posts: 1,394 Forumite
Career Average with 3 Year Buyout. Want to claim age 60, so only 5 years actuarial reduction.
APB - I buy £250 every year, current pot is around £2k, anticipate it to be around 5-7.5k at age 60 as I will buy the maximum I can. I cannot have 3 year buy out on this, so if I was to claim at 60, would be reduced by 8 years worth of value. Is there any way around this?
Can I split my pensions up and claim at different times? Does phased retirement help?
APB - I buy £250 every year, current pot is around £2k, anticipate it to be around 5-7.5k at age 60 as I will buy the maximum I can. I cannot have 3 year buy out on this, so if I was to claim at 60, would be reduced by 8 years worth of value. Is there any way around this?
Can I split my pensions up and claim at different times? Does phased retirement help?
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Have you seen this - and if not, perhaps it would be helpful viewing: https://www.youtube.com/watch?v=laH9eWCbHcUIAMIAM said:Career Average with 3 Year Buyout. Want to claim age 60, so only 5 years actuarial reduction.
APB - I buy £250 every year, current pot is around £2k, anticipate it to be around 5-7.5k at age 60 as I will buy the maximum I can. I cannot have 3 year buy out on this, so if I was to claim at 60, would be reduced by 8 years worth of value. Is there any way around this?
Can I split my pensions up and claim at different times? Does phased retirement help?Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0
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