Can I retire before 65?

umptymike

Hi all! Quick question if anybody is able to help.

Am I able to retire 3 days before turning 65? I know I will be unable to receive my state pension until I am 65 but wondered if it would affect my benefits actually retiring 3 days before turning 65.
Any help for a newbie would be appreciated.

Many Thanks

HappyMJ

umptymike wrote: »

Hi all! Quick question if anybody is able to help.

Am I able to retire 3 days before turning 65? I know I will be unable to receive my state pension until I am 65 but wondered if it would affect my benefits actually retiring 3 days before turning 65.
Any help for a newbie would be appreciated.

Many Thanks

3 days will make zero difference. You can retire whenever you want.

CLAPTON

best to post on the pension board rather than the credit card

but you can stop working when ever you like

as long as you have 30 years NI credits then you will get the full basic state pension

mynameistallulah

You can retire whenever you wish. What "benefits" are you referring to, and is 65 still your retirement age?

Fruit_and_Nut_Case

umptymike wrote: »

Any help for a newbie would be appreciated.

Welcome to MSE. :hello:

As CLAPTON said, the best help is to suggest that you post on The Pensions, Annuities & Retirement Planning Board.

sharpy2010

If you are concerned about retiring three days before you are 65, is it not possible to work the extra 3 days, just to be sure of everything?

Happy retirement though!

JohalaReewi

Do you have 3 days of holiday leave you can take?

umptymike

Sorry everyone, I now realise that I have put this in the credit card section. Being a "Newbie" I didnt know there was different sections do now for next time.
Sorry and thanks for all your help.

Rupert_Bear

umptymike wrote: »

Sorry everyone, I now realise that I have put this in the credit card section. Being a "Newbie" I didnt know there was different sections do now for next time.
Sorry and thanks for all your help.

Well I gave up my employ at 60 and have another 3 years before I reach my state pension age (god willing). I made sure I had enough NI contributions of 30 years to make sure I got my full state pension.

Also I was advised by the NI office I get automatic NI credits up until I retire. So based on my experience 3 days one way or perhaps the other will make no difference to you.

One thing I will add is prepare your mind for your new career.

p00hsticks

Rupert_Bear wrote: »

Also I was advised by the NI office I get automatic NI credits up until I retire. So based on my experience 3 days one way or perhaps the other will make no difference to you.

This is being phased out in line with the rise in women's returement age to 65, though, so people retiring early in future won't receive thse credits.

Rupert_Bear

p00hsticks wrote: »

This is being phased out in line with the rise in women's returement age to 65, though, so people retiring early in future won't receive thse credits.

Very true and will be on a sliding scale. However in my case it does not affect me.