D
Dan Murray
Guest
Hi All,
My understanding was that if you were in an employer sponsored pension scheme and where you were going down the lump sum/annuity route at retirement, the lump sum was equal to the greater of 3N/80ths or the "uplifted scale" less retained benefits.
I was speaking to someone earlier who was trying to convince me that PRSAs are not included in the "retained benefit" calculation - and that this represented the proverbial "planning opportunity".
Can anyone shed any light please?
My understanding was that if you were in an employer sponsored pension scheme and where you were going down the lump sum/annuity route at retirement, the lump sum was equal to the greater of 3N/80ths or the "uplifted scale" less retained benefits.
I was speaking to someone earlier who was trying to convince me that PRSAs are not included in the "retained benefit" calculation - and that this represented the proverbial "planning opportunity".
Can anyone shed any light please?