I agree
Easy Street
I just did a rough AFPS75/15 calculation on the calculator out of interest for the rough timeline that
3 bladed beast provided and it gives:
£18.8k combined IPP and EDP
£70k tax free lump sum
A pension of £26k at State Pension Age (valued at 2021 worth)
So, for some that may be more attractive than the pure AFPS75 that you calculated. You can also inversely commute the £26.5k of the tax free lump sum generated by AFPS15 to generate another £5.8k of EDP to give a revised figure of:
£24.6k combined IPP and EDP
£43.5k tax free lump sum
A pension of £26k at State Pension Age
Which for some may be better again.
A lot of people bleat and whine about AFPS15, when they really haven’t done the maths properly. It’s still a damned good deal!!!