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Most isas on a platform will be able to invest in the same holdings as your sipp so investment performance should be broadly the same - you would have had 4 yrs allowance in isas that you could draw...

That’s a good thing [emoji23].

Sipps are mostly cheaper than stakeholder charge levels these days. Also despite long term being better for high risk you can’t just assume high risk is appropriate without first doing a risk...

Well done Martyn. Only observation I have is why take the full 25% PCLS in one go. It was sitting in a tax free environment - you could have drawn it out as you needed it leaving the rest to grow....

40x highly unlikely and still very rare. If you have doubt and are undecided then the only choice is not to transfer. In other words if in doubt do nowt.

And with annuities being based on long term gilt yields - if you assume they will not change then you have to factor in increased longevity too. Life expectancy increasing year on year is also...

The pots are taxed but not for IHT

You last comment may be true in a very few schemes but it’s not the norm. The main reason CETVs have been rising is gilt yields and long term annuity rates falling. This means the trustees must use...

Varies hugely from well over a million to a few thousand. Ave in the uk is around 275k though

Only worth it if you are contemplating transferring anyway. For many the tv is irrelevant as their top priority is a guaranteed escalating income so leaving it where it is will be best. For our...

The online figures tend to be estimated transfer values - the guaranteed transfer packs are the once a year ones and figures can vary

Guys as an IFA I feel I must highlight something to those thinking about looking into a transfer of their DB scheme to a SIPP or PP. Be very careful re the timing of it-the trustees have NO...

If you are saying 30k for a couple you must include state pension - circa 2x £8k so that’s 16k before you start. Leaves a shortfall of only 14k which a fund of circa 470k has a sporting chance of...

Technically the answer is twice the distance from the middle to one end but I’m sure that’s not going to be helpful[emoji23]

Enjoy the next stage in your life [emoji106][emoji106][emoji106]

Not quite. most advisers do not do contingent charging. So the fee gets levied regardless of tv size. The reason (the main one anyway) that TVs have been consistently rising recently is that annuity...

In short European courts decided that GMP (guaranteed minimum pension) entitlement under defined benefit schemes were actually “deferred pay” and therefore men and women’s entitlements have to be...

Again it’s impossible to generalize like that - depending on your attitude to risk and subsequent fund selection then the low mid high projection rates will differ. What is “realistic” will vary from...

Rule #1 - when talking about your DB scheme only do so with someone qualified to discuss it - sounds like the person was a bit clueless sadly

Fanciful in what way. Quite strict rules exist around what assumptions etc can be made, and often erring on the cautious side.

Yes very rarely will an annuity be better. People transfer to go into drawdown generally rather than to buy an annuity.

Indeed, and hiked due to idiotic adviser firms (transfers suggest, agreed to and processed inside a day ffs) around the British Steel debacle, so all firms suffer.

I’ve not given a...

Advisers will vary but transfer value size should not be a determining factor. I’ve seen transfers done for £40k.

Re comments on the phone I’d be staggered if ANY gave definitive advice so...

Ignore the big figures - without context they are meaningless. Also it’s not strictly true that you couldn’t move your pension and still receive guaranteed inflation protected income. You can...

Have to take issue with these comments. Given that most advisers do not employ contingent charging on defined benefit transfers (so our fee gets paid whether client transfers or not), I can’t see...