CS Alpha - early reduction factors

Yorkie1

Thanks everyone for the clarification 

@Wobble101 Yes, I'll be taking Classic at 60, and then Alpha at 65 (EPA / reduced non-EPA). 

Wobble101

I did a back of the envelope calculation to see what this would mean for me last night. The total to pay would be about £65k and it would take 19 years to break even. Obviously both those numbers come down if I get tax relief but that will be limited by when I decide to take the pension - I’d intended to delay this for a couple of years but that would mean I do it at a point when I’m paying little tax. 

But the main reason I’m not that tempted to do it is the fact that if I die before my husband he only gets half of this. As a previous poster mentioned, probably better to do something else with that amount of money.