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diyguyjoe
Guest
This may be a really stupic question but here goes...
With regards to the rule whereby you can't get take a pension for more than 2/3 of your final salary, or something like that, the final salary being the average of the 3 best years of the previous 10, what if you don't work at all from age 55 to 65?
Let's say you've worked as a PAYE worker all your life and contributed AVCs so your fund is worth 500k at age 55.
What would happen then at age 65?
thanks very much
H
With regards to the rule whereby you can't get take a pension for more than 2/3 of your final salary, or something like that, the final salary being the average of the 3 best years of the previous 10, what if you don't work at all from age 55 to 65?
Let's say you've worked as a PAYE worker all your life and contributed AVCs so your fund is worth 500k at age 55.
What would happen then at age 65?
thanks very much
H