chris123
Member
- Location
- hove actually
- Country
England
Annuities are much higher now than when I looked at what to do with my contracted out 5 or 6 years ago. To get mine I had to sign a disclaimer regarding independent financial advice.
Pension planning
- Topic starter Racehorse-80s
- Start date
orpingtoneagle
Member
- Location
- Orpington
- Country
-
England
Forces pension and now Civil Service pension.
Hot 60 next year so will take my 60 pension and lump-sum probably work part time until I get bored.
As I have got older I am glad I did not chase a bigger salary in the private sector in favour of what I admit makes me a lucky exception these days- a good pension
Hot 60 next year so will take my 60 pension and lump-sum probably work part time until I get bored.
As I have got older I am glad I did not chase a bigger salary in the private sector in favour of what I admit makes me a lucky exception these days- a good pension
State at 67?
orpingtoneagle
Member
- Location
- Orpington
- Country
-
England
Yup afraid so! That seems a way away!
eaglesdare
Member
- Country
-
England
By the time I eventually retire in around 35+ years there most likely won't be a state pension. At the moment I'm maxing out what I can put in tax free to my pension.
I tend to mainly put most of my work bonus into the pension pot too and leave just enough for my annual season ticket.
I tend to mainly put most of my work bonus into the pension pot too and leave just enough for my annual season ticket.
You only get one chance with your pension options so don't screw it up.
Actually I had a company pension and they insisted I go to an IFA (no comebacks).
Yes it will cost money but far less then if you make the wrong choices.
A friend asked a IFA and the charges were £3,500.00 this chap seems to have mentioned a very small pot the other problem is an IFA is meant to tailor his requirements something best done yourself as in all honesty you know your own business best.
Contact the DWP early as they are dog slow about seven months before
I think I paid about that. As I said I had no choice in the matter but I wanted to get it right. During my working life I made many financial mistakes but as I was earning good money I could always claw it back. You don't get that chance when you retire if you screw it up you may have a poor retirement.
Good luck with that but I found that cushy part time jobs are few and far between these days.
In retail full time staff (rather people who want a full time job) are only offered 20-28 hours a week so they are always begging for OT which puts them under the thumb of the managers (do as we say or no OT).
They hated me as I was a genuine PT and didn't need or want OT so they couldn't control me.
For many people Part Time is the new Full Time.
I would love a PT job but I only want to work say 2 / 3 days a week. No chance the bastards offer you 20 hours over 5 days including weekends.