Aviva options...?

kempiejon

JillyC8 said:

kempiejon said:

JillyC8 said:

Hi, the value of my DB pensions is irrelevant; I'm definitely taking the 25% from this pension - I'm asking advice on the best way to do this.

Interesting, this was quite a decision for me and I flip flopped between full 25% and then spend that down deferring to take FAD later or annual UFPLS, the money purchase annual allowance and keeping more of my pot sheltered longer. I've put it off for another year so be interested what swung it for you.
I ruled out an annuity but as I expect a healthy SIPP balance for a decade plus I could revisit when older.

For me the TFLS isn't that much, so there isn't a great deal for me to consider. I just need the money now for a personal (and very important) reason and seeing as my other pensions are both Defined Benefit, they are best left in place to mature as I will take a reduction in the payout if I tried to access the TFLSs now.

Ah that's easier, you've a need for a lump sum so obvious to take the 25%. I'll go back to my ponder, currently leaving as much tax sheltered for longer suits my current thinking