Public Sector Single Scheme Vs Occupational Pension Scheme


Thanks for the advice. I must admit, i may have uttered the works 'gold plated pension' in relation to PS myself. Never again!
 
Thanks for the advice. I must admit, i may have uttered the works 'gold plated pension' in relation to PS myself. Never again!

It is not so much 'gold plated' as 'predictable'. You have a reasonable expectation of what your retirement income is going to be. Obviously if economy does badly, PS pensions suffer, and vice versa, but there are limits to this.

The performance of your pension fund over 30 years has a much wider range of potential outcomes, even if the most likely expectation is the same as a PS one.

You also don't have to decide whether to take out an ARF and/or purchase an annuity.