New Posts For Thread: Minimum or Maximum pension lump sum?https://community.betfair.com/chit_chat/go/thread/view/94038/30656215/minimum-or-maximum-pension-lump-sumI am calling my pension in at 55 in s few months time, the question is should I take the min or max lump sum?I am not sure which is the best move, I have talked to quite a few people and the opinions have been mixed, any advice on the pros and cons fGood on ye.https://community.betfair.com/chit_chat/go/thread/view/94038/30656215/minimum-or-maximum-pension-lump-sum?post_id=547890153#547890153Good on ye.Mon, 22 Feb 2016 18:41:50 -0600yes quite a few firstly get rid off all debt, then offski around the world with Mrs D watching cricket and horseracinghttps://community.betfair.com/chit_chat/go/thread/view/94038/30656215/minimum-or-maximum-pension-lump-sum?post_id=547884895#547884895yes quite a few firstly get rid off all debt, then offski around the world with Mrs D watching cricket and horseracingMon, 22 Feb 2016 09:41:09 -0600You got plans for it Dragon?https://community.betfair.com/chit_chat/go/thread/view/94038/30656215/minimum-or-maximum-pension-lump-sum?post_id=547879321#547879321You got plans for it Dragon?Sun, 21 Feb 2016 15:54:27 -0600take as much cash as you can no brainer thats whart i am doinghttps://community.betfair.com/chit_chat/go/thread/view/94038/30656215/minimum-or-maximum-pension-lump-sum?post_id=547879233#547879233take as much cash as you can no brainer thats whart i am doingSun, 21 Feb 2016 15:48:11 -0600I would check out Hargreaves landsdown out for this kind of advice they are very good in my viewhttps://community.betfair.com/chit_chat/go/thread/view/94038/30656215/minimum-or-maximum-pension-lump-sum?post_id=547878639#547878639I would check out Hargreaves landsdown out for this kind of advice they are very good in my viewSun, 21 Feb 2016 14:55:09 -0600Is the the scheme defined benefits or money purchase?Have you looked @ transferring to a SIPP whereby your tax free lump sum could be far in excess of a co. scheme option and you dont have to secure an annuity.Which would be diddly squat for a 55 yrhttps://community.betfair.com/chit_chat/go/thread/view/94038/30656215/minimum-or-maximum-pension-lump-sum?post_id=547874701#547874701Is the the scheme defined benefits or money purchase?Have you looked @ transferring to a SIPP whereby your tax free lump sum could be far in excess of a co. scheme option and you dont have to secure an annuity.Which would be diddly squat for a 55 yrSun, 21 Feb 2016 09:30:46 -0600Assuming its a defined benefit scheme, and you are a tax payer, then the maths suggest you take the lump sum.https://community.betfair.com/chit_chat/go/thread/view/94038/30656215/minimum-or-maximum-pension-lump-sum?post_id=547874405#547874405Assuming its a defined benefit scheme, and you are a tax payer, then the maths suggest you take the lump sum.Sun, 21 Feb 2016 09:05:47 -0600be for pensions started after a certain date, yet to be named probably,anything already saved probably exempt,but gideons budget will have some all singing and dancing proposals to take your eye of the bit when he admits his budget forecasts from juhttps://community.betfair.com/chit_chat/go/thread/view/94038/30656215/minimum-or-maximum-pension-lump-sum?post_id=547874315#547874315be for pensions started after a certain date, yet to be named probably,anything already saved probably exempt,but gideons budget will have some all singing and dancing proposals to take your eye of the bit when he admits his budget forecasts from juSun, 21 Feb 2016 09:00:02 -0600Scrapping the lump sum may be introduced in a couple years timeWhen the 2018 new pensions scheme starts to operatehttps://community.betfair.com/chit_chat/go/thread/view/94038/30656215/minimum-or-maximum-pension-lump-sum?post_id=547873993#547873993Scrapping the lump sum may be introduced in a couple years timeWhen the 2018 new pensions scheme starts to operateSun, 21 Feb 2016 08:36:25 -0600Can they scrap something people have been planning for , for over 20 years??https://community.betfair.com/chit_chat/go/thread/view/94038/30656215/minimum-or-maximum-pension-lump-sum?post_id=547873865#547873865Can they scrap something people have been planning for , for over 20 years??Sun, 21 Feb 2016 08:25:55 -0600