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GT03ROB
2,654 posts
91 months
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richtea78 said: GT03ROB said: I have no choice who to go with as it's a company scheme. Id check that very carefully, fairly sure they cant do that Sorry I meant with the initial investment, the annuity as you state is for me to choose. This obviously means that I should be able to sort a better income than the example provided.
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Welshbeef
13,180 posts
68 months
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richtea78 said: GT03ROB said: I have no choice who to go with as it's a company scheme. Id check that very carefully, fairly sure they cant do that You can transfer a Final Salary out of your company fund into another external pension pot if you so wanted. You could even take out your Public sector Final Salary pot (why dont the unions do this as thats their real negotiating power would mean an instant vast hit to the UK State cashflow as its all off balance sheet) though you may not get as good a set of terms but you'd know for sure your retirement age would be defined by yourself not increased by the state.
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richtea78
2,827 posts
28 months
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GT03ROB said: Sorry I meant with the initial investment, the annuity as you state is for me to choose. This obviously means that I should be able to sort a better income than the example provided.
If you have any medical conditions it is almost certainly worth investigating Enhanced Annuities, my dad got a 60% enhancement for basically being a bit fat and diabetic
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