Hi first post here ,
I’m 56 with 210k in a DC fund and a deferred DB of 22k , I got a transfer value of db circa 300k …. I was thinking of taking this due to poor family health history making 510k of a pot .
If I wished to retire at 60 before my work age of 65 , I can take 25% tax free and can I put all the 75% into an arf and draw as I wish or do I have to buy an annuity for 12,700 ??
I’m 56 with 210k in a DC fund and a deferred DB of 22k , I got a transfer value of db circa 300k …. I was thinking of taking this due to poor family health history making 510k of a pot .
If I wished to retire at 60 before my work age of 65 , I can take 25% tax free and can I put all the 75% into an arf and draw as I wish or do I have to buy an annuity for 12,700 ??