RE: TAC and rampers very quiet16 Mar 2022 10:18
Heid, I'm not qualified for pension (or any) advice but I believe you can access any final-salary scheme from 55yo. Of course you receive reduced payments, but the total cash received might be not significantly less unless you survive into 90s.(We all will know of someone who died before taking a penny from f-s pension.) Even if drawing that pension, you can ADDITIONALLY open and pay into a S.I.P.P. well after 65yo. If you use up your isa allowance, this could be home for additional ujo (is for me), but you can't withdraw all cash at once like an isa. Plus income tax savings. Also contents of sipp survive your death to your estate, unlike f-s scheme. Of course get quotation from pension provider, do the sums for your personal circumstances, & check the foregoing is actually correct.