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What happens if I have a DC and a DB pension?

hmmm · 2015-09-30 14:40:00

I have a DC pension from a previous employer that I can take at 50 (if I fully retire). I have a DB pension that is available at 66. What is the situation if I retire at (say) 60? I've confused myself by thinking about this - can I take out an ARF and use the 25% tax free option from the DC, or do I have to operate on the…

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30-09-2015 3:40pm

#1

hmmm

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I have a DC pension from a previous employer that I can take at 50 (if I fully retire). I have a DB pension that is available at 66.

What is the situation if I retire at (say) 60? I've confused myself by thinking about this - can I take out an ARF and use the 25% tax free option from the DC, or do I have to operate on the rules of the DB scheme?

This whole setup is ridiculously complicated.

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#2 02-10-2015 3:13pm
Henry Ford III

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Join Date: January 2006

Posts: 17311

Get proper advice.

The rules of the DB scheme won't affect your early retirement benefits from the DC scheme.

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