Case note: sequencing three pensions before leaving work
A Cardiff teacher planned to leave employment at 62 with a Teachers’ Pension, a small AVC pot, and a personal pension from earlier private-sector work. Essential spending sat above the State Pension forecast alone. Across two sessions we mapped guaranteed income first, then tested drawdown from the personal pension for discretionary costs, leaving the AVC as a later reserve. The written plan included a tax-year withdrawal calendar and a note on when to request a State Pension forecast update. The client deferred one suggested transfer after learning exit charges—an outcome we recorded rather than pressed.