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Medical retirement and pension
Good afternoon,
I am currently going thought the process of being retired on medical grounds, as not being thought this process before I am looking for some advice, I have currently been given MDR1 from my company and they have also made me a offer, as I am of a young age of 42 what happens to my pension, do my company pay into it until retirement age or do I take it now, which I would rather not as having nothing in later life. I have done some digging and see something about an annuity, do I go down this route, it’s just all so confusing to me.
Any help on this situation would be most helpful, thank you.
I am currently going thought the process of being retired on medical grounds, as not being thought this process before I am looking for some advice, I have currently been given MDR1 from my company and they have also made me a offer, as I am of a young age of 42 what happens to my pension, do my company pay into it until retirement age or do I take it now, which I would rather not as having nothing in later life. I have done some digging and see something about an annuity, do I go down this route, it’s just all so confusing to me.
Any help on this situation would be most helpful, thank you.
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