Originally posted by Serial_Apologist
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i was 'sold' the idea of opting out of SERPS in 1987 in return for some tax refund or other to get my pension pot going. A friend who stayed in SERPS has been reaping a quite considerable benefit on his state pension as a result.
I feel sorry too for those who were advised to buy an annuity and now have to watch those about to take their pension pot being offered a vastly different set-up upon retirement - green with justifiable envy I should imagine.
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