Minimum or Maximum pension lump sum?

Take the maximum 25%
This leaves the residue of the funds at minimum risks
Changes from April 6 will mean less attractive growth in pension funds e.g the remainder of your fund

HTH

unless your sharpish you wont have a decision to make according to ex pensions minister webb in todays papers,osbourne is going to scrap the 25% tax free portion of a pension,job done

Can they scrap something people have been planning for , for over 20 years??

Scrapping the lump sum may be introduced in a couple years time

When the 2018 new pensions scheme starts to operate

be 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 just 3 months ago are in tatters and he wont be anywhere near meeting his forecasts,this part of his speech will probably be muffled whilst drinking his water

Assuming its a defined benefit scheme, and you are a tax payer, then the maths suggest you take the lump sum.

Is 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 yr old.
Also depends on your tax status going forward.

I would check out Hargreaves landsdown out for this kind of advice they are very good in my view

take as much cash as you can  no brainer thats whart i am doing

You got plans for it Dragon?

yes quite a few firstly get rid off all debt, then offski around the world with Mrs D watching cricket and horseracing

Good on ye.