Thanks Steven,
So in my scenario, I will have say 100k in avc, 200k in DC and an max entitlement of 150k for 1.5 times salary. (Figures simplified for example)
I think in this scenario, I could take 100k AVC and 50k DC and still not break 25% threshold to force remainder of DC into annuity. (So 150k lumpsum & 150k ARF)
If I had 300k in DC, then max lump sum I could take without forcing an annuity would be 300k x 25% = 75k. (75k lump sum & 225k ARF) or go the annuity route (150k lump sum & 150k annuity).
I’ve only started looking at all this pension stuff recently, so not sure. It’s very complex, but a little bit interesting (which is frightening!).