The Retirement Thread
7 lurkers |
173 watchers
26 Jun
9:46pm, 26 Jun 2024
22,844 posts
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geordiegirl
Sprung it Independent Financial Adviser Ours (Dave) is brilliant and actively encouraging us that we can go earlier than we thought… when initially he thought we were aiming too young. |
27 Jun
9:07am, 27 Jun 2024
27,024 posts
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Sigh
No boredom here, either 
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27 Jun
11:45am, 27 Jun 2024
55,486 posts
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EvilPixie
Mr Pix has spoken to one of his old pension providers (final salary from first job) He was asking about taking a drawdown and they said once he does that he’ll start getting a monthly payment too I thought you could just take the 25% and leave the rest for a later date? |
27 Jun
11:55am, 27 Jun 2024
2,943 posts
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Shades
Sounds like it's DB scheme.
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27 Jun
12:04pm, 27 Jun 2024
55,487 posts
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EvilPixie
So that’s standard then? I had thought you could just take the lump sum, not that a small monthly income would hurt |
27 Jun
12:12pm, 27 Jun 2024
2,889 posts
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Snail
Retirement can help badge collection too! |
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27 Jun
12:23pm, 27 Jun 2024
55,489 posts
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EvilPixie
Excellent added bonus
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27 Jun
12:24pm, 27 Jun 2024
42,399 posts
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Ness
Absolutely @Snail . If plans come together there will be one or two new country badges for me next summer. 🤞
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27 Jun
12:26pm, 27 Jun 2024
8,610 posts
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um
EP - it may depend on the scheme rules, or for the general case, you may need expert advice. I looked at some of myy old annual updates (from when I was working) and they are all phrased : "At retirement you may eect to give up part of your pension to receive a Pension Commencement Lump Sum ..." So for my DB scheme, the tax free cash and start of pension payments were tied together. |
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27 Jun
12:32pm, 27 Jun 2024
55,491 posts
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EvilPixie
Thanks all See IFA again on Monday Seeing what’s best for Mr Pix use savings or pension For me it’s savings as I can’t access my PPP until 57 It was nice to hear him say our actions re gran’s money had been wise |
Synge Useful Links
FE accepts no responsibility for external links. Or anything, really.- Money Helper
- How Much is Enough to Retire On?
- Retirement Living Standards
- How much will you need to retire?
- Free Govt website for pension advice
- SIPP pensions
- ISAs
- Check your National Insurance contributions
- Check your state pension account
- Martin Lewis on pensions
- Support and advice for those widowed under the age of 50
- Power of Attorney information
- Making the most of your retirement
- 20 tips for a happy retirement
- Married Couple's Allowance
- Aviva guide to retirement planning
- U3A
- U3A Local Sites - map
- Make a Power of Attorney
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