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By *tephanj OP Man
over a year ago
Kettering |
Well I reach my official retirement age tomorrow, but I'm not sure I actually will give up work
1 not sure I can afford to
2 think I would miss it
3 don't know if my company may let me cut down my hours
As you can see I just can't make my mind up. Anyone got any good advice? |
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By *tephanj OP Man
over a year ago
Kettering |
"Do you have a hobby?
I think retirement is great if you have a hobby your passionate about.
Otherwise I’d keep working.
Man needs a purpose."
No I don't really have any hobbies apart from gaming  |
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By *tephanj OP Man
over a year ago
Kettering |
"The best advice on a matter of employment is to speak to your boss first.
99% of organisations will make allowances or meet in the Middle with individuals in such matters."
I was going to leave it a couple of weeks and then sound them out |
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By (user no longer on site)
over a year ago
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I guess you need to look at what you need to do financially and then what you want to do.
You can go on to hmrc website and look at your state pension options and then you should look at any personal or work place pension schemes you have had or pay into and get your options. Often these should be sent annually as a review pack and definitely before whatever retirement age was set.
If you have any that you can take benefits from, do you need the lump sum to pay off a mortgage for example?
If you have a few dotted around it may be an idea to get some help from a financial advisor.
Lastly, you need to think about your needs for your partner and yourself in later life if things change.
Wishing you lots of luck. |
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By (user no longer on site)
over a year ago
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"Can you reduce your hours? Start drawing your pension and it will top up your wage. Best of both worlds.
I know people who do this and it works well.  "
^ this is a wise woman.
Also, 2 things:
1. Happy Birthday! Hope you have a great one!
2. Haven’t you already made a decision? i.e. had to tell your employer / pension scheme if you want to draw your pension at 65 some weeks ago?
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I will take retirement when I can officially in 3 years at 66, depends if u will think u b happy not working? Having been on furlough from end of march till end july I decided I will enjoy it very much ! Money will b tight but hopefully cut my cloth to my means if I can! Happy birthday for tomoz! Got anything planned ? X |
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"The best advice on a matter of employment is to speak to your boss first.
99% of organisations will make allowances or meet in the Middle with individuals in such matters.
I was going to leave it a couple of weeks and then sound them out"
Sooner the better as if they make plans for you to leave it harder for them to change |
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By *tephanj OP Man
over a year ago
Kettering |
Thanks for the info everyone, some I have already checked some I haven't. My retirement age is 66. Which is tomorrow, I told the company I work for that I would not retire straight away also my pension company what or when I decide I will need to give them plenty of notice of my intention |
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By *tephanj OP Man
over a year ago
Kettering |
"Why not see if you can cut your hours and if bored help out in a charity shop or some other voluntary work?.
Happy birthday.x"
Thanks for the birthday wishes. I'm considering everything at present, but think I should have thought about it earlier than now |
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