Defined Benefit Transfer Key Considerations

What to consider before deciding on a Defined Benefit (DB) Pension Transfer?

Ultimately, your own personal circumstances will determine whether it is a good idea or not for you to transfer your benefits out of a Defined Benefit scheme.

To make an informed decision, a full analysis of your situation will need to be conducted. Key considerations typically include:

  • Your health
  • Your marital status
  • Whether you have children or other dependants
  • The health of your spouse or dependants
  • Ongoing financial commitments, for example a mortgage or school fees
  • Other sources of income, for example part-time employment, or rental/dividend income
  • Other pension provision
  • Other investments, for example buy-to-let property or shares
  • Your experience of investing
  • Your attitude to risk and capacity for loss
  • Your plans for retirement
  • Retirement age considerations
  • How much money you will realistically need to live on in retirement

Get in touch today on 01482 219 325 or by emailing if you need further guidance regarding your retirement.

Cash Equivalent Transfer Value

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