Tradefair & Financials
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21 Dec 09
12:29
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25 Dec 05
how does it work in practice, if you take a 25% lump sum and say leave 100 ,000 in a usp,what happens to it,just turned 50 losing job and pension payments are one of the things i can cut down on,thinking of taking the lump sum before april when it rises to 55,worry about pension at the timeand use lump sum to pay of mortgage
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Stays invested wherever you want it to be. Max and minimum limits to what you can draw off it. THink the min is zero.
im no expert but i think ax is 120% of current annuity rate. minimum im sure is zero as said above
if you're going to do it,you need to act before April as min age increases to 55
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