Pension Options

edited 30 November -1 at 1:00AM in Pensions, Annuities & Retirement Planning
2 replies 626 views
Dave43_2Dave43_2 Forumite
23 Posts

Would like some advice on the following please - final salary pension what is best option large lump sum and small pension or large pension and small lump sum in todays low interest rates.

Thanking-you in advance


  • dunstonhdunstonh Forumite
    107.3K Posts
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    There is no general rule of thumb on these any more. Used to be easier in the past but it now depends on a number of things like commutation factor, personal circumstances, current and future needs, health considerations, investment risk profile, what you would actually do with the lump sum and personal opinion and more.

    I wouldnt want to give a generalisation on a once in a lifetime decision that is cast in stone and cannot be undone once completed without knowing any facts.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • edited 29 April 2009 at 4:39PM
    MikeJones_2MikeJones_2 Forumite
    778 Posts
    edited 29 April 2009 at 4:39PM
    Hi Dave,

    Dunstonh's comments are right as usual, but there's a few things here that might make you think about it a little more:

    - 10 reasons why you may not want to take that cash lump sum from your pension

    With so many different types of pension scheme, and the various options available, seeking advice from an IFA has to be worthwhile for most people.


    I work in the field of Pension Education and Pension Guidance in the UK. I am a member of the Specialist Pensions Forum as well as being a Voluntary Adviser for The Pensions Advisory Service. I work with scheme members, employers, trustees, scheme administrators and advisers on most things to do with employer sponsored pension schemes. The views expressed by me in this thread are my personal opinions. You should seek professional advice from an appropriately experienced and qualified adviser. I am not an IFA.
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