New pension retiring in June

envelope · Post by **envelope** » 03 Mar 2018, 13:26

I will retire in June, took part of my pension at 60. Still in RMPP. What should I do about the review pension options RMPP or RMDCP. Help please.

Post by **RobertT** » 03 Mar 2018, 14:04

If you want to take your post 1st April 2018 benefits at the same time as your NRA65 pension then go for the DBCBS, it’s more likely to be tax free.

If you want the flexibility to take your money at a later date then go for the RMDCP, but you’re more likely to have to pay tax on it.

But if you’re only going to be paying into whichever one you choose for a couple of months, then it’s not going to amount to very much money anyway.

maisymoo04 · Post by **maisymoo04** » 04 Mar 2018, 17:00

Robert T what do you reakon mate is the best for me I am in section c been in for about 26 years got another 18 years till retirement touch wood

.I hold 2 avc bonus and flexi plan for the last 10 years mate , I was thinking about staying were I am and going into the new DBCBS ??
cheers maisymoo04

Post by **RobertT** » 05 Mar 2018, 16:18

Personally I think the DBCBS is the better option for most people and in particular section C members. But it will always depend on your own circumstances.