Final Salary and other Defined Benefit pension schemes often have lots of confusing options, and chosing your benefits can be a minefield. In this video I explain all the jargon and how you can compare the options available to you to make the best choices. 📈📊✅ ACCESS CASH FLOW MODELLING SOFTWARE 📈📊✅ Compare your final salary options with Voyant Cash Flow Modelling! (One on One Sessions Available) https://voyant-masterclass.mykajabi.com/ 👉🏻 Looking for help with Financial Planning? If you would like to find out how me and my fully qualified team may be able to help you, please email enquiries@virtualfinancialclinic.co.uk. DISCLAIMER: This video is for education purposes only and does not represent financial advice. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results. If you are unsure of what to do, always seek advice from a qualified financial adviser. 🎬 RELATED VIDEOS 🎬 Forget The 4% Rule (How to Make Pensions Last Longer) - https://youtu.be/emkh78krQbM Annuities Explained Simply - https://youtu.be/GpWaCeelwSU Pension Withdrawal Explained - https://youtu.be/AMJ8Ya3CPj4 RESOURCES State Pension - Impact of Contracting Out https://www.gov.uk/government/publications/new-state-pension-if-youve-been-contracted-out-of-additional-state-pension/the-new-state-pension-transition-and-contracting-out-fact-sheet ⏰ TIMESTAMPS ⏰ 0:00 Start 0:48 What is Defined Benefit? 1:39 Guaranteed Minimum Pension Explained 4:10 Section 9(2B), Reference Scheme Test, Post 97 COSR Explained 5:17 Excess Benefits and Other Income Figures Explained 7:00 Lump Sum Options Explained 8:22 How to Choose Between Your Final Salary Pension Options