The Retirement Thread

[fossyant]

Welcome!

I did similar. Took my main pension at 53 with a 43% hit but it only becomes a financially negative decision if I live beyond 93.

I'm still working and paying into my main pension and have two others sat there. I suspect, given I've now fcked up my hip, I'll be retiring before I hit normal retirement age !

 

[Dave7]

I'm still working and paying into my main pension and have two others sat there. I suspect, given I've now fcked up my hip, I'll be retiring before I hit normal retirement age !

I am not sure you will fit in here, I fear you might be too normal

 

[Dave7]

Re pensions etc.
I have said on here that I didn't have a good pension scheme. However I started my own business (late in life) and in the last,say,6 years earned some good money and when I was 63 sold the business for a good lump sum.
Also, as I've said, a couple of years ago I was notified about a pension I didn't know about. They gave me a £8k LS plus approx £3K a year.
So, not wealthy but comfortable and at my age (78) I have TMK no worries.

 

[BoldonLad]

I am not sure you will fit in here, I fear you might be too normal

I am sure we can soon train him 🙂

 

[Dave7]

I am sure we can soon train him 🙂

I have met him and he is a nice, normal guy. We have our work cut out

 

[BoldonLad]

I have met him and he is a nice, normal guy. We have our work cut out

I am sure we can win through, think of the "assets" we have: @welsh dragon , @Mo1959 , @Drago , not to mention your good self, and that is just for starters 🙂

 

[Mo1959]

I went on Zwift for an easy hour group ride to avoid the rain and it even rained on there!

 

[PaulSB]

I See Again (the clue is there) that us pensioners are under attack. Unbelievable!

Too subtle for me. What's occurrin'?

 

[gavroche]

Salut. It rained for most of the day here so Molly had to wait for it to stop to go for a walk. All done now. We are having her two brothers overnight so I hope they will all behave.
I won £12 on the postcode lottery too. Not life changing though.

 

[Mo1959]

Too subtle for me. What's occurrin'?

I am presuming it’s about ISA,s?

 

[ebikeerwidnes]

I'd have probably stayed in the dibble well beyond pensionable age, up to 60.

However, that prat,Tom Winsor, who never walked a beat I his life,was making moves to allow the dismissal of 'unfit' bobbies. I was unfitnthrough being seriously assaulted while doing my job, so his attitude stank to my mind.

Fine. So I threw in the towel and went on a medical. Not only did I get the pension early, the injury pension is far bigger than the normal pension and the injury award element is tax free, so I'm bringing home well in excess of that which I was when I actually worked there.

And I wasn't alone. Hundreds of IoD officers thought "sod that" and went under the same regulation (written into law) as I did. So that chump Tom Winsor's idea to save a few quid by getting rid of officers who were injured doing their job protecting the public cost the government an absolute fortune, and the forces lost a vast cardre of knowledge and experience. You couldn't make it up.

I was quite angry about it for a few years but I'm reconciled now. It's karma, and that my good karma turned out bad for them isn't my problem.

I came across that "concept" while teaching
It turned out that before I started - in 2003 when I was 43 - there was a dearth of older teachers
The DofE - in their wisdom - had decided to offer all teachers over 50 early retirement so "re-invigorate" the profession with lots of "new blood"

problem was that
a) they didn;t attract all the exciting "new blood" they needed and had to brink in other old people via enhanced grants while trainign (Thanks DofE - by the way) so ended up with lot of different older people with less experience
b) the Teacher Pension people would not contribute to all this extra early retirement money - so the DofE had to pay the extra
which - many years later - we are all still paying for!!! - and that money comes out of the money available for schools



Don;t you just love it when administrators who have never done a complex job make far reaching decisions affcfting the people who have to do it and don;t see the point in talking to them about it
(OK - who mentioned Elon Musk - get over to "the other place" immediately!!!)

 

[Drago]

Exactly the same in the dibble. Civilian HR (Human Remains) sorts who'd never walked a beat or read a legal tome in their live telling us how to do our jobs, and then scratching their heads when their ridiculous ideas didn't work.

One of my fellow sergeants had a masters in policing science and when he pointed out something wouldn't work besause of x, y or z he was labelled as a trouble maker, even though he always turned out the be correct.

There's old saying, something along the lines of "those who can't do teach."

Want something f****d up good? Give it to a senior leader in the public services to sort out.

 

[PaulSB]

I am presuming it’s about ISA,s?

Yep, I agree but not sure what.

 

[figbat]

Yep, I agree but not sure what.

Rachel Reeves is musing the idea of slashing the annual cash ISA limit to £4,000. Cash ISAs are a safe place for money to earn returns tax-free and be accessible, hence pensioners like them. S&S ISAs carry a risk of losing some or even all of your money.

The chancellor wants to encourage public investment in the stock market rather than having cash locked up in savings accounts.

 

[PaulSB]

@figbat thanks. I had missed that one.