Terminal end of life impact to I’ll health planning.

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I was planning to take ill health retirement and was filling in the paperwork. I have recieved end of life diagnosis, do I still go for ill health retirement?

  • Thanks for your question  , I’m sorry to hear about your news.


    Although we can’t give advice, we may be able to offer some guidance around things to consider before making a decision, such as how they’re taxed. We also have Welfare Rights advisors who can talk to you about the impact taking this pension could have on any means-tested benefits you’re claiming.

    There may be other options with your pension because of your updated prognosis, but it’s difficult to say what may be available to you without knowing what type of pension you’ve paid in to. It’s good to compare all the options available to you and if you’d like to call our team for free on 0808 808 0000 (option 1, option 2, option 1), we’re open Mon-Fri 8am-6pm and may be able to give you more information over the phone.

    Finally, if you find you’re not able to make a decision on your pension it may be best to seek advice from a financial advisor. There is information on finding one below:

    Find a Financial Adviser by asking family and friends for a recommendation or by visiting here.

    Tell the adviser what’s needed e.g., advice on retirement options due to a cancer diagnosis. The Financial Adviser should arrange a meeting to discuss these needs and do a fact-finding exercise (this is where they ask questions about finances and personal situation). Their next step is to research options and put together their recommendation.
    MoneyHelper also have some useful websites and tips for choosing a Financial Advisor here.
    When choosing a financial adviser; always check that they, and the company they work for, are authorised by the Financial Conduct Authority (FCA).
    It’s possible to check individuals and companies on the FCA register.
    To speak to the FCA directly, phone 0800 111 6768 from 8am to 6pm, Monday to Friday (except public holidays), and 9am to 1pm Saturdays.




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