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When can i retire

I've just done a pension forecast and it looks like I would be better off retiring early and continuing with some part time work.I am nearly 58 now so could I retire?--and how do I go about it??anyone know?? ;)

Comments

  • dunstonh
    dunstonh Posts: 120,009 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    There is nothing needed to say you are retired. You can retire whenever you like. You basically become unemployed but with an alternative income to support you.

    You just hand your notice in. Make sure your pension can be paid first though. Some have restrictions that can only be taken after age 60 (changing in April) and others will have excellent benefits if left to 60 (or later).
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • catford
    catford Posts: 1,114 Forumite
    Thanks---what's the earliest age I can get my state pension as well??
  • tanith
    tanith Posts: 8,091 Forumite
    Part of the Furniture Combo Breaker
    Catford unless someone knows something I don't its 60 for a woman and 65 for a man..... :T
    #6 of the SKI-ers Club :j

    "All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke
  • catford
    catford Posts: 1,114 Forumite
    tanith wrote:
    Catford unless someone knows something I don't its 60 for a woman and 65 for a man..... :T
    OH !!!!!!---Its back to the slog then! :beer:
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