The Retirement Thread

[Drago]

I've done well. Not only have I got rid of the cobwebs for 5 minutes but I've mopped the bathroom and kitchen floors.

Why is there a moped in your bathroom?

 

[welsh dragon]

Why is there a moped in your bathroom?

I haven't seen one.

 

[Mo1959]

I love tomatoes, especially when they are in season and not forced on. The absolute best is picking them straight off the vine. I can eat them like sweets they are so delicious.

I wandered the half mile along to Aldi for a few things. Not sure what possessed me to put a jacket on as it’s roasting now and not much breeze yet. Not sure if I will be venturing back out or not.

 

[SpokeyDokey]

I am still working but am lucky enough to have a final salary pension. I have been planning under the belief that I can take it from age 55 (in 2 years) with a deduction for every year before 60, and that was my objective.

I recently discovered there is a well-hidden clause that means that anyone who was in service before a certain year can actually leave from 50 (ie, now!) with the annual reduction still applied.

I’ve asked for a pension valuation to see what this looks like. I’m unlikely to go just yet as the deduction will be pretty severe but it gives me a new sense of comfort that, should I one day feel like it, I could just jack it all in.

A number of schemes are subject to the 50 years of age provision.

I took my main pension at the age of 53 before the rise to 55 kicked in.

My reduction was 43% for taking it early.

I calculated that if I lived beyond age 93 that I would be out of pocket and hence it would be a bad idea.

I can live with that risk!

 

[Mo1959]

A number of schemes are subject to the 50 years of age provision.

I took my main pension at the age of 53 before the rise to 55 kicked in.

My reduction was 43% for taking it early.

I calculated that if I lived beyond age 93 that I would be out of pocket and hence a bad idea.

I think I lost around 40% by going a couple of years early too, but I just couldn’t make myself stick it out. No regrets.

 

[ebikeerwidnes]

I think I lost around 40% by going a couple of years early too, but I just couldn’t make myself stick it out. No regrets.

Yup - it all depends on what is best for you

However, I would advise everyone to check the details very carefully before jumping - and check early before you are even thinking of retiring

It all worked out well for me - but I was close to loosing a couple of hundred a month due to weird time conditions.

 

[Drago]

I took my private pension last year at 55, just in time to pay to move house.

I've now got three pensions coming in, police, injury, and my private Zurich one. Tax is a bit of a f****r although the injury pension is tax free.

 

[Mo1959]

I took my private pension last year at 55, just in time to pay to move house.

I've now got three pensions coming in, police, injury, and my private Zurich one. Tax is a bit of a f****r although the injury pension is tax free.

I’ll be back to paying tax next year once I get my state pension.

 

[numbnuts]

Second walk done, chicken cottage pie for lunch followed by strawberry cheesecake

 

[pawl]

Jeez, that sounds painful....strolling on your quantocks I have been kicked in my quantocks but never strolled on them.

Do your balls hang low
Can you swing them to and fro
Do you get a funny feeling when bang them on the ceiling
You’ll never be a submariner if you balls hang low.

 

[ebikeerwidnes]

I’ll be back to paying tax next year once I get my state pension.

I pay tax due to the total of 2 pensions
My wife doesn;t as her pension is quite low

Once we start getting State Pension in 18 months (ish) then we will be much better off - but have to pay tax on it

but anyway - more dosh is more dish

 

[pawl]

You haven't seen the size of the Quantocks; MrsD's been known to picnic on them at times.

Photos required.

 

[numbnuts]

My company pension is so low I bet they have a good laugh each month when they pay it out

 

[Drago]

Photos required.

Word is thar Mrs Dirk's quantocks are enormous.

 

[Dave7]

I hate tomatoes.

And you hate mushrooms.
How do you survive?