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The time now is 07/04/08 - 18:36

Getting a lump sum payment after deferring your state pension


RealCool.BIZ Forum Index -> Finance -> Retirement Planning & Pensions

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tarrah
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Joined: 30 Sep 2005
Posts: 6



PostPosted: 01/14/08 - 09:16    Post subject: Reply with quote

What do you think, what is better decision? I have been working for 2 years more after I reached all the circumstances for getting my pension. This week I should decide whether I want to continue working or do I want to finally claim my state pension, and I was thinking about leaving my job at last. But, now I’m in a dilemma. Should I claim bigger pension or should I just get that lump sum payment, after my deferral? What would you do?
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nance
Apprentice


Joined: 05 Feb 2005
Posts: 4



PostPosted: 02/13/08 - 00:36    Post subject: Reply with quote

Well, if you need some money, why shouldn’t you claim for a lump sum payment? But, you don’t seem to me like a guy who is in a hurry to collect some cash, have you promised some kind of gift or do you need cash now, at all? Since, in any other case, it seems pointless to get the money that you don’t need right now and damage a very god pension, that way. But, it is your decision after all.
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