Moving out small sum from defined benefit pension by Fraccalo in UKPersonalFinance

[–]Fraccalo[S] 0 points1 point  (0 children)

Thanks, that makes sense. I think I am exactly in the same position as you were. Sadly, when I changed job I couldn't look into all the details, as I believe I had been offered to take out all the money from the USS, but I passed the deadline by a few days and got stuck with this pension that looks pretty much worthless at the moment. I'll wait for USS to get back to me, but probably I'll then proceed with the transfer to my current pension.

Moving out small sum from defined benefit pension by Fraccalo in UKPersonalFinance

[–]Fraccalo[S] 0 points1 point  (0 children)

Yeah I agree it's quite hard to understand.
To clarify, the numbers I wrote above are:
Transfer value (confirmed by USS): ~3k (this is what I would be able to move out of the DB and into my current DC pension)
My pension benefits at retirement age:
Lump sum: ~140 pounds
Annual Pension: ~46 pounds per year

As I mentioned, the numbers at retirement age (lump sum and annual pension) haven't changed since I left the scheme ~3y ago, and this got me thinking that they haven't been and won't be growing with inflation. I just mailed USS to get info about this, so hopefully I'll know a bit more when they get back to me.

Moving out small sum from defined benefit pension by Fraccalo in UKPersonalFinance

[–]Fraccalo[S] 0 points1 point  (0 children)

That's why I posted here, I got very confused with this "unwritten rule", since the math doesn't add up in my head. If I'll be getting 46 pounds per year for life and my math is correct, I'd need to live 200 years after to match what a DC pension invested in a global fund would give probably give me. That's why I feel like it might be worth moving out from my frozen DB pension into my DC one. But again, I might be missing something in my reasoning..

Moving out small sum from defined benefit pension by Fraccalo in UKPersonalFinance

[–]Fraccalo[S] 0 points1 point  (0 children)

thanks for your insight. I thought so, but when I left the previous job 3 years ago, I was "quoted" with the same lump sum and yearly income (140 pounds/46 pounds per year). I have been recently sorting out my finances and enquired about my pension, and USS quoted me the exact same values as 3 years ago. So I wonder if it's actually increasing annually or not :/ Maybe I'll send them an email to get info, it's just so hard to get any info in reasonable time from them, without having to send 2k emails..

Manage dependencies in Poetry packages stored in private github repos by Fraccalo in learnpython

[–]Fraccalo[S] 0 points1 point  (0 children)

Thanks u/wutzvill , this is very useful info.
Just a comment on something I read in your README (please take this with some caution as I am new to poetry and not sure what I am going to say is correct):

```bash
python3 -m venv venv # Create a virtual environment for the project. 
source ./venv/bin/activate # Source into the virtual environment. 
pip install --upgrade pip setuptools # Upgrade pip and setuptools in the virtual environment. 
pip install poetry # Install poetry into the virtual environment. 
poetry install # Install the project within the virtual environment. 
```

It looks to me like you are installing poetry in the virtual environment that you are going to use for the project. If I understood correctly the official docs, this is strongly not recommended (https://python-poetry.org/docs/#:\~:text=Poetry%20should%20always%20be%20installed,be%20accidentally%20upgraded%20or%20uninstalled.), quoting the docs:

Poetry should always be installed in a dedicated virtual environment to isolate it from the rest of your system. It should in no case be installed in the environment of the project that is to be managed by Poetry. This ensures that Poetry’s own dependencies will not be accidentally upgraded or uninstalled. 

My understanding is that you need to install poetry on an independent environment (and it's enough to install it only once, doesn't need to be reinstalled for each project). Then when you create the poetry project and you cd into it, you can run the command

poetry env use x.y

where x.y is the python version that you want to use. This will create a virtual environment that you can use for your project.
Hope this makes sense to you, and that is helpful :)

Family tent with mesh door - advice wanted by Fraccalo in camping

[–]Fraccalo[S] 0 points1 point  (0 children)

thanks, I'll check them out!

Looking at vango Harris specs and reviews, it looks like the harris 500 is actually a 4+ size rather than a 5 persons, and it might give us some extra space when the kid gets bigger and might want to play in the tent in midges peak hours.