classic33
Leg End Member
You'll give him nightmares!
The Retirement Thread
- Thread starter Dirk
- Start date
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You'll give him nightmares!
Drago
Legendary Member
- Location
- Suburban Poshshire
Night from Kent Johnboy.
classic33
Leg End Member
Night GranMa
If you want to get the maximum you can get, you may have to pay extra NI contributions to cover the years from 2016 until you get the State Pension if you retire before state pension age.
I've recently paid just under £3000 to bring my contributions up to scratch.
It sounds a lot, but it's a no brainer considering the return on capital outlay.
You need to check this out as you may not get as much state pension as you initially thought.
PaulSB
Squire
- Location
- Chorley, Lancashire
PaulSB
Squire
- Location
- Chorley, Lancashire
So what did we think of The Sister? It kept me entertained but I've seen better.
Sterlo
Early Retirement Planning
- Location
- East Riding of Yorkshire
Had a similar experience a few years ago, knock on the door, two policemen telling me my mother had died. Turned out it was someone with the same name as me. My mother thought it was hilarious when I phoned her but it shook me up at the time. Police didn't exactly apologize either.
Exlaser2
Veteran
I am 57 and have paid 35 years (well nearly 40 years tbh but 35 years is the max needed at the moment ) of NI that means I get the max pension with out paying any more in. If you go onto the government pension web site it will tell you what you are intitled to and if you need to pay any extra in .
PaulSB
Squire
- Location
- Chorley, Lancashire
Please do check this very carefully. It's possible if you don't contribute to state pension age you won't get the full pension. Note I do say possible. Mrs P retired at 60 and we are having to buy three years additional contributions. It can though be more complex for women if they have taken a career break, worked part-time etc.
Currently its £175.20/week
PaulSB
Squire
- Location
- Chorley, Lancashire
@Drago before I buy can you confirm this is the right mug? Thanks
Amazon product ASIN B07NLLP2MYView: https://www.amazon.co.uk/STANLEY-Classic-Twinlock-Travel-Mug/dp/B07NLLP2MY
Amazon product ASIN B07NLLP2MYView: https://www.amazon.co.uk/STANLEY-Classic-Twinlock-Travel-Mug/dp/B07NLLP2MY
Exlaser2
Veteran
If you are thinking of retiring early be realistic about how much you really need to live on . I retired last year , I had three pensions . I took two as monthly income which gives me about £1300 a month , the third I took as a draw down which I haven’t touched yet . I have no mortgage or loans and the money pays all my day to day bills BUT doesn’t pay for holidays or one off expenditure ie bike , boats , white goods etc. Luckily my wife still works fours days a week so her money pays for all these things. But if she wasn’t working I would have had to dip into savings or my draw down pension to pay for these things . The trouble with being retired is you have more time to spend money lol . Retiring early is great , but please please be realistic about how you are going to live .
classic33
Leg End Member
You've still not found what you're looking for!!
Exlaser2
Veteran
It’s always worth knowing that women can claim for a number of years NI if they are bringing up children 😀
ColinJ
Puzzle game procrastinator!
- Location
- Todmorden - Yorks/Lancs border
What you wrote is true for people used to having a significant amount of spending money - they definitely might get a nasty shock.
It will be the opposite for me... With my very small private pension (£600 a year), the state pension, and housing benefit/council tax benefit to help with housing costs, I will be better off than I have been for over 15 years. I actually WILL have some money for holidays, bike parts and so on. I will no longer have to rely on people giving me inner tubes, tyres and cassettes for my birthday and Christmas presents!
