My Age60 Quotes

[RobertT]

I was quoted in the options as 25% of the AVC tax free and the rest paid as monthly pension. As I will continue to work with RM that will be taxed at 20% so either I leave it until I take the NRA 65 benefits or transfer it out. I would rather have taken the AVC as a lump sum and pay the tax on it but pension admin said no it is paid as in the options or I can transfer it out.

I think you only have the option of a taxable lump sum if you're taking your NRA65 benefits.
If so, waiting until you take those benefits may be the best option from a tax point of view.

[tractorboy2]

These are the quotes I received last week for my NRA60 benefits

RMPP Option 1 £324.67 a year Option 2 £253.79 a year plus a lump sum of £1.691.93

RMSPS Option 1 £8,489.81 a year Option 2 £6,394.86 a year plus a lump sum of £42,632.36
If I retired I would get a supplement of £1,480.32 a year.

The quote is lower than the 2020 illustration by around £71 , but the Supplement is around £180 more , which I don't understand.

Got a new one from the RMPP with another option , same as option 1 but with an amount from the DBCBS.