Deferred Section A/B Member Reverse Commutation

[DB2004]

Evening all.

Deferred member here and wanting to know whether anyone else has converted some or all of their lump sum in extra annual pension?

If so does anyone know what the conversion rate is at age 60? I've tried to ask via Capita but they won't/can't give me the rate.

Thanks very much. DB

[RobertT]

I seem to remember someone posting on here a while ago, who I think said it was about 1:22.

So for every £22 you give up in lump sum, you get £1 per year in pension for life.
But bear in mind it is not a fixed rate and can change depending on various factors.

They may be along to confirm?
Or you may be able to find it using the search function?

[DB2004]

Thanks very much RobertT for your swift answer.

I'll have a search and await any further answers.

Really appreciate your input on this.

Cheers

DB