📋 Quick Summary Client: “Simon”, 54, Operations Director, North Yorkshire Pension: DB scheme CETV £298,000 | Projected income: £12,400/yr from age 65 Goal: Retire at 55 in April 2026 — now impossible without scheme access NMPA change: Rising from 55 to 57 on 6 April 2028 — two-year lock-in for most RRR: 6.9% — above…
📋 Quick Summary Client: “Richard”, 61, widower, no financial dependants DB Pension: Deferred final salary, CETV £385,000 | income £17,600/yr from 65 DC Pension: SIPP £112,000 (previous employer) State Pension: Full £11,502/yr from age 67 (40 NI qualifying years) Goal: Maximise estate value for two adult children; flexible income in retirement Outcome: Partial transfer explored;…
A Senior Staff Nurse with 30 years in the NHS Pension Scheme was quoted a CETV of £310,000. Should she transfer to a SIPP for more flexibility? We explore the 1995/2015 hybrid scheme, the McCloud remedy, and why retention was the right call.
📋 Quick Summary Client: “Robert”, 65, retired quantity surveyor, Cheshire DC pension pot: £387,000 (no DB pension) State Pension: £11,502/yr from age 67 Decision: Hybrid — partial annuity for income floor + drawdown for flexibility Outcome: £22,400/yr guaranteed base income + flexible drawdown access Robert came to us at 65 with a single DC pension…
Patricia, 68, needed to fund her mother’s £52,000/yr care home fees and wondered whether to transfer her deferred NHS DB pension. Find out why we recommended against it — and the strategy that protected her guaranteed income for life.
A real-world case study exploring GMP equalisation, contracted-out SERPS deductions, and the defined benefit pension transfer decision for a deferred member with pre-1997 service. Transfer not recommended — RRR 6.8% pa, CETV at 68–75p/£ of replacement cost.
📋 Quick Summary Client: “Gary”, 52, watch manager (station officer), West Midlands Fire Service — 28 years’ service Pension: Firefighters’ Pension Scheme 1992 (FPS) + Firefighters’ Pension Scheme 2015 (CARE) CETV: £610,000 combined Goal: Retire at 55, access lump sum, flexibility for family wealth transfer Required Rate of Return: 7.4% — above the 7% red-flag…
📋 Case Study Summary Client: “Mark”, 52, serving police constable, West Yorkshire Scheme: Police Pension Scheme 2015 (Career Average), plus legacy 1987 Scheme benefits (McCloud) CETV: £520,000 Goal: Early retirement at 55, lump sum to pay off mortgage Recommendation: Transfer NOT recommended — retain scheme benefits Outcome: Mark retains Police Pension, adjusts financial plan to…
Helen, a 58-year-old teacher in North Yorkshire, had a £420,000 CETV from her Teachers’ Pension Scheme and wanted to retire at 62. Could she transfer — and should she? This case study explores the full analysis, including commutation options, early retirement rules, and the 2027 IHT change.
Dr Sarah Chen, 56, is an NHS consultant cardiologist with pension benefits in three NHS scheme sections — 1995, 2008, and 2015. Facing retirement at 60, she explored whether to transfer her combined CETV of £1.45M to a SIPP for flexibility. This case study explores the McCloud Remedy, NHS AVC tax-free cash options, and why the transfer was not recommended.