Hello all,
First post, although long time watching from the sidelines.
I'm 50 years old and have just been offered an ETV from a previous employer with whom I have a deferred DB pension. I am just looking for some thoughts on whether this presents good value and whether it would be reasonable to expect I could match the DB scheme offerings which can be taken from age 53.
DB Scheme
22k PA at age 53 + 81k Tax free lump
29k PA at age 63 + 81k Tax free lump
inflation included up to max 5%
Spouse gets half if i die
ETV Offer
Transfer value 405k
Top up value 310k
Total 715k
Many thanks
First post, although long time watching from the sidelines.
I'm 50 years old and have just been offered an ETV from a previous employer with whom I have a deferred DB pension. I am just looking for some thoughts on whether this presents good value and whether it would be reasonable to expect I could match the DB scheme offerings which can be taken from age 53.
DB Scheme
22k PA at age 53 + 81k Tax free lump
29k PA at age 63 + 81k Tax free lump
inflation included up to max 5%
Spouse gets half if i die
ETV Offer
Transfer value 405k
Top up value 310k
Total 715k
Many thanks