What do you want for Christmas present wise.

[Kingfisher101]

I don’t have any plan at the moment, I leave at the end of the week put paid until the end of January.
I need to apply for jobs as I can’t afford to retire. This is all quite new to me, I’ve never been out of work or been for a formal interview in 40 years!
The settlement with waiver agreement is very poor, akin to statutory redundancy and the way in which this has been dealt with leaves a lot to be desired.
I need to take further advice and may pursue legal action.

That will cost you £££
Its very hard to get another job if you are near retirement age or late 50s early 60s etc. Unless your in a role where there's a lot of vacancies etc.
Is it one of those where you have been let go with a negotiated reference etc?

 

[Spiderweb]

That will cost you £££
Its very hard to get another job if you are near retirement age or late 50s early 60s etc. Unless your in a role where there's a lot of vacancies etc.
Is it one of those where you have been let go with a negotiated reference etc?

It will cost a lot of money, I will deal with Acas first, they will advise if legal action is worth pursuing. I have been in touch with a solicitor to get an idea of costs … £195 plus VAT per hour!

It is not a redundancy situation as there is still lots of ‘meaningful’ work.
The company needs to reduce its costs so back in May I was asked to reduce my hours which I refused to do, since then it hasn’t been pleasant.
I agreed a settlement and signed a waiver, the agreement included a reference.
The solicitor has looked at the waiver and has said that the waiver I have signed is not legally binding so won’t prevent me taking legal action should I decide to go down that path.

 

[mistyoptic]

What usually happens to mine is that a right-hander picks them up and tries to use them:
”Durr! These don’t work!!” and they get thrown in the bin, despite being clearly marked “Property of Bunny”

I’m a leftie too but I can’t use those damn scissors. I use them right handed. It works but it’s uncomfortable (fancy that).

Used to wind my dad up something chronic (they were his originally).

 

[grldtnr]

I don’t have any plan at the moment, I leave at the end of the week put paid until the end of January.
I need to apply for jobs as I can’t afford to retire. This is all quite new to me, I’ve never been out of work or been for a formal interview in 40 years!
The settlement with waiver agreement is very poor, akin to statutory redundancy and the way in which this has been dealt with leaves a lot to be desired.
I need to take further advice and may pursue legal action.

I speak from experience, do you have much longer before you can retire , 40 yrs service in one job is a long time, and I get that you are angry of your situation.
I retired early ,from the Mail, always was the aim when I started in the Post office , pay of mortgage and retire at 60, that was the terms when I joined, I managed to go 4 yrs before that, mainly coz I was being 'Tittted ' around, they wouldn't give me Voluntary retirement , so I weighed up my options and left, very satisfying handing my notice , then telling the depot manager I was going, he said I didn't know you were serious about it!, that was 3 days before! They had my notice a month!

The point is, it becomes tax efficient to go early, if your approaching retirement , your not actually putting any more into your pension, if you have a occupational one, private plans are maybe different, but my Tax income is almost Zero, so I actually get regular hand backs from HMRC, not paying tax releases funds to me that otherwise I would be paying.
It depends on your personal expectations, expenses, and the amount of debt you have.everyone is different.
It sounds like you might have a case of constructive dismissal, but dignity g that waiver queers that pitch.
Speak to your pension provider and ask what options are, for me I took a lump sum, and a reduced occupational pension , with an added subsidy, which runs out at my state pension age , hopefully that goalpost won't be moved again, and then I have a substantial increase.
I can pay my bills , but I have to be frugal.

 

[Spiderweb]

I speak from experience, do you have much longer before you can retire , 40 yrs service in one job is a long time, and I get that you are angry of your situation.
I retired early ,from the Mail, always was the aim when I started in the Post office , pay of mortgage and retire at 60, that was the terms when I joined, I managed to go 4 yrs before that, mainly coz I was being 'Tittted ' around, they wouldn't give me Voluntary retirement , so I weighed up my options and left, very satisfying handing my notice , then telling the depot manager I was going, he said I didn't know you were serious about it!, that was 3 days before! They had my notice a month!

The point is, it becomes tax efficient to go early, if your approaching retirement , your not actually putting any more into your pension, if you have a occupational one, private plans are maybe different, but my Tax income is almost Zero, so I actually get regular hand backs from HMRC, not paying tax releases funds to me that otherwise I would be paying.
It depends on your personal expectations, expenses, and the amount of debt you have.everyone is different.
It sounds like you might have a case of constructive dismissal, but dignity g that waiver queers that pitch.
Speak to your pension provider and ask what options are, for me I took a lump sum, and a reduced occupational pension , with an added subsidy, which runs out at my state pension age , hopefully that goalpost won't be moved again, and then I have a substantial increase.
I can pay my bills , but I have to be frugal.

Thank you for your insight.

I’m 58 years old and have been with my current employer for 14 years. Although i have no mortgage, no debt and quite a bit of money sat in cash ISA’s, I cannot afford to retire.
My pension is really poor, a work place people’s pension which hasn’t been in place for that many years.
I may not need a full time job but I do require work.

 

[Gunk]

Thank you for your insight.

I’m 58 years old and have been with my current employer for 14 years. Although i have no mortgage, no debt and quite a bit of money sat in cash ISA’s, I cannot afford to retire.
My pension is really poor, a work place people’s pension which hasn’t been in place for that many years.
I may not need a full time job but I do require work.

It is a generalisation that it’s difficult to get a decent job in your late 50’s I sold my business in 2018 and was a bit too young to retire so took a couple of paid jobs, first two were OK but a bit junior. The last job I got at 57 was a good senior management job in a large organisation, they knew I intended to retire at 60 but were still keen to have me for a couple of years. It was a good partnership, they benefited from my experience and I benefited from a really interesting and stimulating end to my career, plus a very good salary!

Don‘t get in to the mindset that as soon as you hit 55 no one is interested, organisations are suffering from a major lack of talent, they need high quality, reliable and experienced people.

 

[Yellow Fang]

Peace on earth and an end to suffering and famine.

Do you want to join me in a chorus of Cum By Yah?

 

[All uphill]

That will cost you £££
Its very hard to get another job if you are near retirement age or late 50s early 60s etc. Unless your in a role where there's a lot of vacancies etc.
Is it one of those where you have been let go with a negotiated reference etc?

That was not my experience; I looked at the skills I had, worked to feel positive about myself and to present well.

I quickly found a job where maturity and experience were needed.

 

[All uphill]

I want nothing for Xmas that I don't already have.

I know how fortunate I am.

 

[Kingfisher101]

I've just got today the grant of probate, so I have my house now and that's all I want. Its been rewired at present and the plasterers are tutors at college so its been done really well. I'm not interested in Xmas and gifts etc. I'm just interested in having my place sorted out.

 

[grldtnr]

Do you want to join me in a chorus of Cum By Yah?

Me, personally , that's a no ,I 'm out!