happy days , my wife one of the last to get state pension at 60

Prudent

tanith wrote: »

I was 57 , now 63 and retired for 5yrs. I struggled for about 5yrs then had to have a surgery and although I went back on light duties I knew it was only a matter of time. My manager was excellent in finding me less physical work but even that wasn't enough and it came as a big shock when the OH doctor said I think you should apply for Ill-Health Retirement I just thought I'd be able to struggle on till I was 60. I was a very reluctant retiree as I loved my job but now I am so grateful that it was possible for me.. I do feel for others in that position as I know its not an easy road to go down nowadays..

Thank you tanith I do hope they don't make it more difficult as some people are genuinely not able to struggle on.

butterfly72

jamesd wrote: »

I you started at 18 you've been in the job for 22 years. Why wouldn't you do something now to change things so that you don't have to be in it for another 27 years? You can see the future and can try to change it.

I used to work in a MAU/A&E and got out of that because it was so hard going! I thought district nursing would be a bit less demanding! How wrong was i. Indeed, i have friends in all sorts of specialities and they are all feeling the pressure. But you are correct i dont have to do this for 27 years and i am considering my next move.

Loanranger

It's the same number of working years:45 years from when a lot of people now start their working life at age 21.
Back in the day, males left school at 15 and worked for 50 years til they were 65! Women worked for 45 years from 15 to 60.
I worked for 42 years.

jamesd

funnyguy wrote: »

Its all very well people saying save for a pension early.In the pension info my wife received it said at age 35 you would need to put in £100 pensionmonth to get approx £5000 per year at age 67..which is really scary.I mean my old non contibuty works pension [I only was in the job 5 years] is paying me £5000 p.a . when I reach age 60.And at 35 years old you are aiming to clear mortgages and loans,etc.How can you win?

Life expectancy at age 65 for males is until about age 88, 23 years. So pay in £1,200 a year for 32 years and get out £5,000 a year for 23 years. You'll also get tax relief on the way in and a personal income tax allowance on the way out so the out part is paying more than it cost you on the way in. Looks like a win to me.

The old works pension probably had your employer paying in 20-30% of your pay.

jamesd

butterfly72 wrote: »

I used to work in a MAU/A&E and got out of that because it was so hard going! I thought district nursing would be a bit less demanding! How wrong was i. Indeed, i have friends in all sorts of specialities and they are all feeling the pressure. But you are correct i dont have to do this for 27 years and i am considering my next move.

Good luck with the planning and move.