Originally Posted by chrisbl
I am speaking as one of the lucky ones that retired from flying, still in part 6 (APS) and able to commute a tax free sum. I also had a crystallised pension as my NRA was 50 and CRA 55. Will the NRA=CRA or will there still be CRA>NRA and the facility to crystallise in the proposals?
Back to the quoted post...
Before looking at this presentation be aware that my wife's pension (if she survives me) is 50% of my pension BEFORE commutation. The break even point where the loss in pension on a monthly basis is greater than the tax free sum is when (if) I reach about 78 years old. With my wife it doesn't apply as her pension (assuming she survives me) will not have changed by taking the lump sum.
Perhaps if the presenter were in receipt of the present BA pension rules he might just come to a different conclusion.