Option 32 pensions

A question about : Option 32 pensions

I retired on 3/2/2015.i have an option 32 pension with coop/royal london transfer value Ј107000.they say no lump sum.but paying Ј5416 per annum. Does this change in april 2015

Best answers:

• Do you mean that you have a S32 policy where the funds must all be used to secure the Guaranteed Minimum Pension so that there is nothing left over to enable you to take a lump sum?
  https://www.financialadvice.net/s32_b...plan/zone/1288
  If there is GMP, how much relates to pre 1988 and how much post 88?https://forums.moneysavingexpert.com/....php?t=1089865 post 20 may be of interest.