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Do it.

Yep, the maximum grant is available provided total household income is less than £25k pa.

Not for the hard of understanding.

Sack your IFA. This really is not that difficult, as downer explained above. Suggest you take more advice on Monday morning. You are missing out.

You can lead a horse ........

Exactly. Schoolboy error.

You missed four years of tax free annual personal allowance. That was sloppy planning.

Clearly we are all different. I stopped work five years ago, never ever missed it since that time - my career was just that, lucrative but not a heartfelt vocation. Plenty to keep me occupied. Up...

My understanding is beneficiaries ( in this case, my two children) would pay the marginal rate of income tax on the sum(s) drawn down.

We all have differing views of risk. My personal view is that if you do not transfer then in reality the £1.5m in this example is irrelevant. You may never receive anything approaching that amount...

Indeed. One ex boss of mine died within a year of retirement. He had been with the company 40 years plus, and notionally his pot would have been worth £1.5m plus. I am sure his spouse receiving a...

Agreed.

This was certainly the approach adopted by our IFA and the independent pension advisor. Both our pensions will have transferred out by the end of the year. In no particular order, our drivers,...

Indeed. I got to 52x, age 55. Breached my LTA though!

Better keep an eye on your lifetime allowance. This is becoming increasingly easy to exceed with the level of transfer values being quoted.

CETVs are definitely on the up - a reflection of gilt prices. My wife is looking to exit her scheme. The valuation increased £100,000 in a twelve month period. I do not expect this to be an...

Small world. I exited the WTW DB scheme six months ago. They were very efficient in the transfer. And bonus, my CETV went up by £60k in the six months between initial and final valuations.

Those couples currently earning say £150,000 pa between them, might think differently.

And apply on line for additional LTA protection. Very simple, very quick. Will save you £200,000.

Exactly.

I lasted until 49, then jumped. Now you have had the thought, you need to act on it.