Hi all ,
Any ideas what to do with pension when taking IHR, 21years paid into it, I know you can freeze it or transfer it but not to one were you can cash it in just wanting ideas or were others have come across this , thanks
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Pension ....IHR
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RobertT
- EX ROYAL MAIL
- Posts: 6645
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Pension ....IHR
It’s a defined benefit pension so it will be deferred and will continue to increase with inflation until you take it. And then provide a guaranteed index linked income until death.
The earliest you can draw it will be from age 55 although the normal reductions for early payment would apply.
The earliest you can draw it will be from age 55 although the normal reductions for early payment would apply.
Links to all RM pension related websites are here
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holly123
- EX ROYAL MAIL
- Posts: 220
- Joined: 24 Jan 2012, 12:45
- Gender: Male
Pension ....IHR
Ok thanks