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Just reading this thread and all the number crunching jumping through hoops you have to do...
Makes my head hurt thank God i do not have to do this for a few years yet.
Looking forward to it.
Took me ages to work it all out. But basically you will have two options . Bigger lump sum or Bigger annual pension. Once you know which option is best for you there's really no need to be bogged down with numbers.
What id say if you plan to work beyond 65 at RM then be careful of the higher tax bracket.
And also , if you take a reduced annual pension ( especially early ) then thats a lot less for your spouse if you die. As always everyone's situation is different. Ive gone off track again
Just reading this thread and all the number crunching jumping through hoops you have to do...
Makes my head hurt thank God i do not have to do this for a few years yet.
Looking forward to it.
Took me ages to work it all out. But basically you will have two options . Bigger lump sum or Bigger annual pension. Once you know which option is best for you there's really no need to be bogged down with numbers.
What id say if you plan to work beyond 65 at RM then be careful of the higher tax bracket.
And also , if you take a reduced annual pension ( especially early ) then thats a lot less for your spouse if you die. As always everyone's situation is different. Ive gone off track again
I am going to keep it simple - higher annual pension is my priority not bothered by lump sum.
