r/UKPersonalFinanceRetraiteConsensus Moyen
DB Pension of £7k p/a. Annuities offer £10k, can't cash it in
u/[deleted]·17 votes·27 commentaires·il y a 12mois
Resume IA
Resume IA
Le posteur a une pension DB de 7k£ par an et les annuités offrent 10k£, mais il ne peut pas la convertir en liquide. Les IFAs ne recommandent pas de convertir la pension DB en raison de la santé dégradée du posteur.
Conseil cle
Ne convertissez pas votre pension DB sans considérer les implications à long terme et les conseils d'un IFA.
Contenu original
[deleted]
Meilleur commentaire
“ If your DB pension is worth £7k then your transfer out value must be around £130k? I am surprised that you would get an annuity for £10k based on this so have to assume your ill health means your life expectancy is a lot lower than average, I also assume you are telling the IFAs this as lower life expectancy is one of the only reasons you should be able to Transfer out. This is why IFAs will not recommend you cash in your DB pension.. "The British Steel Pension Scheme (BSPS) was a DB pension scheme. Around 8,000 people transferred out of the BSPS, and our [evidence](https://www.fca.org.uk/publication/policy/ps22-14.pdf) suggests almost half (46%) did so after receiving unsuitable advice." A lot of IFAs were burned but they did give bad advice. [https://www.fca.org.uk/firms/british-steel-pension-scheme-our-approach-enforcement](https://www.fca.org.uk/firms/british-steel-pension-scheme-our-approach-enforcement) There is a tool to help IFAs assess your requirements. [https://w”