Blackwaterguy
Registered User
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- 11
Hi, I am in the process of taking my UK company pension approx 1 1/2 years early and have been offered an enhanced pension if I select this pension increase exchange option.
About 1/3 of my pension would still be subject to RPI increases as it would be post 1999, but I would be surrendering any RPI increases on the larger pre 1999 element.
At first glance it would seem like a good deal, but it obviously depends on life expectancy and future inflation.
It would not be my only source of income, and being type 2 diabetic I'm leaning towards this shifting the dynamic in favour of accepting.
Does anyone have any experience or thoughts?
Many thanks
About 1/3 of my pension would still be subject to RPI increases as it would be post 1999, but I would be surrendering any RPI increases on the larger pre 1999 element.
At first glance it would seem like a good deal, but it obviously depends on life expectancy and future inflation.
It would not be my only source of income, and being type 2 diabetic I'm leaning towards this shifting the dynamic in favour of accepting.
Does anyone have any experience or thoughts?
Many thanks