Another pension question

[London424]

I am one of the lucky ones that still have a DB pension scheme (career average) from my employer.

The standard accrual is 60ths. We also have a flexible benefits programme that allows us to increase the accrual rate to 50ths or 45ths (max). I currently have flexed it to 50th's.

Now I know there are almost too many variables to consider but was just wanting some opinions.

So, would you increase the accrual rate or keep it at 60ths?

It is currently costing me almost £500 per month to have the accrual rate at 50ths. I could flex back to 60ths and take that as taxed income and do other things with it. e.g. pay down mortgage, other investments, coke/hookers etc

So...thoughts?

ETA: Just noticed that having 60ths would still cost me almost £200. So about £300 per month difference.

Edited by London424 on Tuesday 5th March 17:19

[QBee]

That is one for a good pensions adviser. Get a recommendation to one, don't just google it. I know one in Cambs if you need a reference. PM me if you do. No, it's not me and no, I make nothing out of it. I just happen to think the guy is good and 100% working for his clients.