The transfer value is dependent on many factors, some of them fanciful.
The actuarial assumptions used tend not to have any grounding in reality in a bid to reduce the transfer value.What are these fanciful factors?
as I am now age 50 I am looking to take as much as I can from the scheme !
Hi LDFerguson,
What are the cons for doing this? I appreciate the following
1). Reduced lump sum when you do actually retire
2). I assume if you work beyond 60 the need to take 4% of the ARF annually which will have a tax liability.
Any other cons? Is there any situation where you would recommend it e.g poor performing fund etc..
Hi Steven,The actuarial assumptions used tend not to have any grounding in reality in a bid to reduce the transfer value.
Of course you can't.Hi Steven,
Can you challenge these fanciful factors or is that just the way it is?
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