Doovster
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  • Hello mate, happy birthday, sorry it's late I was travelling and am now in Manila for work until the 15th. Hope the family are keeping well......
    Hi mate. I hope you don't mind me taking a few moments of your time.

    I have a defined benefit pension scheme which had a CETV value of £475k in January. I can draw the pension from 50 with an actuarial reduction of just 3%.

    Im 49 next birthday, divorced, with a 19 year old son.

    I'm also expecting some bad news on the health front that would leave me with a life expectancy of 5-10 years.b it's unlikely I'd get enhanced early retirement as I'd be expected to be healthy during most of that time.

    My plan is to see a suitable IFA, present evidence of life expectancy and convert the pot to a SIPP that I could tap into from age 55 and also leave to my son if I don't make it that far. I'd have enough set aside to live off until then if, as expected, I'm made redundant next year.

    What documentary evidence would the IFA need to see to sign off on this plan?

    (I won't ask your for advice!)
    Me, Kettering and a few other lads are all staying at the Baltimore Hotel. Booked it via booking.com and it was just £50 for the night including breakfast. You can also cancel up to 24 hours beforehand and it won't cost you.

    Address: 250 Marton Rd
    Middlesbrough, TS4 2EZ, United Kingdom
    Phone: +441642224111
    Travel information: Show directions


    Cheers

    Sean
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