This has probably been asked before but I can't find an answer using the search facility, so here goes:
Is there anyone recognised as a knowledgeable advisor on PA/AFPS (05 for me)? I need to make some decisions and would like implications explained in laymans/simpletons terms (cos that's how I am
) regarding departure at various points and the implications of each on pension/EDP versus leaving when due at age 55 years. Basically, is it better to leave now (NO comments like "of course, why would you want to stay?" etc please
), leave age 54 and get a lower pension to 65 but 2 x EDP or stay the extra year and get full pension immediately. I appreciate this depends upon my life ambitions/position which is why I don't really want to discuss it on here but speak to someone who can 'keep it simple'.
Thanks in advance.
P.S. I have 3 examples from the pension calculator but the implications of each set of figures kind of eludes me...