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DB Pension take lump sum or not?

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Comments

  • ali_bear
    ali_bear Posts: 702 Forumite
    Fourth Anniversary 500 Posts Photogenic Name Dropper

    I'm going to opt for the minimum PCLS from my tiny civil service pension when they can finally sort it out (it is now overdue). I am likely to be over the LSA anyway so if this small DB pension is only the lettuce in my BLT of fixed retirement income it is still worth having the extra. Every little helps - as I've heard they say in Tesco's

    🐻 A little FIRE lights the cigar 
  • Somebody
    Somebody Posts: 254 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker

    I took the maximum lump sum from one and no lump sum from the other as the commutation factor of 34 was too good to say no to.

  • butterflymum
    butterflymum Posts: 1,049 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic

    @Littleowl007 if you are happy to share, what was the final decision, and more importantly, down the line from it are you both still happy with same, or have any niggles or regrets set in?

    butterfly )i(
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