Melch,
Thanks - useful. Is there any mention of the annual statement (can you click to order one for instance?) and annual and lifetime allowances?
You make a good point about the total that the fund will pay you pover the course of a lifetime, but if you peg it prematurely, that amount gets slashed. There was a report out a few days ago, it'd be interesting to see the life expectancy of military veterans in retirement compared to their civvy counterparts.
That factor (and the pension income gap) makes serving until 60 more desirable for some (and essential for others?). It is one of the few instances too, which make the option of considering objectively the pros and cons of moving a final salary scheme 'pot' into a personal arrangement, slightly less 'nuclear' and slightly more pragmatic.
RPSM09104610 - Technical Pages: Member benefits: Lump sums: Serious ill-health lump sum: Conditions for payment
Serving until age 60 a step closer? - Echelon Wealthcare
My local Tesco now sells Keo; will that do you?!