Re: Pension Options
I think it depends on quite a few personal things as to what would be the best thing to do Doglover. Things like -
- Do you have to buy annuities with the three other pensions
- Are you healthy and likely to live a long time.
- Will the other three pensions/annuities be index linked
- Can you manage to live OK on the reduced pensions if you take 25%
- Could you do with the 25% from the three pensions for a large purchase.
- Do you have to decide when you retire, or can you wait a while. They might accumulate a bit more and terms could be better if you leave them to grow a bit more and decide what's best when you draw your o.a.p.
I don't think it would be wise for anyone to give an opinion. Best person is probably your financial adviser. When I retired I had a three day retirement event provided by my employer which covered a lot of retirement issues and they also provided access to a financial adviser f.o.c. Hopefully you have something similar.