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paw · 19 Aug 19, 01:10 PM

My DH wanted to retire early, he could go at 60 but stayed until 63. It was a final salary pension and he could take a most, but not all as a lump sum. We worked out how much we would need to live on - I also had a good pension - and wanted to to only take out a lump sum that allowed that pension income. The pension company wouldn�t do that. They would give a forecast every three months so for a couple of years we got a forecast and filled in a spreadsheet with the results. In the end he took an early pension with redundancy so the lump sum was massively increased and we were �given� a financial adviser. He was most surprised that my spreadsheet was only 99p a month out.

19 Aug 19, 01:10 PM	#26
	19 Aug 19, 01:10 PM paw Imagineer
paw Imagineer Join Date: Oct 07 Location: Southport	My DH wanted to retire early, he could go at 60 but stayed until 63. It was a final salary pension and he could take a most, but not all as a lump sum. We worked out how much we would need to live on - I also had a good pension - and wanted to to only take out a lump sum that allowed that pension income. The pension company wouldn�t do that. They would give a forecast every three months so for a couple of years we got a forecast and filled in a spreadsheet with the results. In the end he took an early pension with redundancy so the lump sum was massively increased and we were �given� a financial adviser. He was most surprised that my spreadsheet was only 99p a month out.