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Old 11-13-2010, 01:05 AM  
Paul Markham
Too old to care
 
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Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
Posts: 52,943
Quote:
Originally Posted by emjay View Post
If I were retired, I'd think I'd elect for the lump sum lol

Ten new millionaires in UK after last night's Euromillions, unfortunately I was'nt one of them. Back to work...
Isn't the annuity plan allowed to be passed on to children?

I think it's 5% and getting the lump sum which is half, I think, to perform at 10% is tough today.

But if you're getting on in years blowing it all in a few years might be fun while it lasts. Might keep you going or send you to an early grave.
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