Should I Take a Larger Pension Lump Sum or More Lifetime Income?

You can take more of your pension as immediate capital by accepting lower future income. The lump sum increases liquidity and control today, but the income reduction may continue for life. The question is whether the value of having more capital now outweighs permanently giving up part of the future income stream.

Should I take a larger pension lump sum or more lifetime income?

Run the stress test →

Explore other scenarios