Should I Take My Final Salary Pension Early? Pros & Cons Of Final Salary Pension Early Retirement

There are numerous reasons why taking your final salary pension before the NRA has its pros and cons. One of the biggest cons is that if you choose to retire early from your final pension plan before the standard retirement age, which is normally 60 or 65, you will have to pay an exit penalty. However, is it a smart or even a terrible idea to take your final salary pension earlier?

Dominic James Murray, CEO and Senior Independent Financial Advisor at Cameron James, explains the two sides of the coin in taking your DB pensions early.

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Video Timestamp:
00:00 – Intro
00:23 – DB Early Retirement, Is It a Good Idea?
00:33 – Before NRA
01:33 – The Reasons Why People Take Their DB Pension Early
02:14 – What Happens if You Are Seriously Ill?
03:08 – Outro

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Dominic James Murray, CEO and Senior Independent Financial Advisor of Cameron James. Helping expats across 23 countries for over 10 years (including the USA and non-UK residents).

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