Early Retirement

Jack_Itin

Triumph, Thank you, just trying to make sure that by going early there won't be any pitfalls later on, I have 99.9% decided to take it, and if I do everything has to be right.....Thanks Again, Jack.

kidmugsy

Jack_Itin wrote: »

SERPS/ SP2 is EXTRA to basic pension ?

Yes: "Additional Pension" is the jargon
http://www.hmrc.gov.uk/manuals/eimanual/eim74602.htm

There's also GRB i.e. Graduated Retirement Benefit, which is the leftover of an ancient aspect of state pensions in 1961-1975.

Jack_Itin

Kidmugsy, Thanks, just trying to make sure that all options are covered, I will have to live for 3 years with no income, apart from my works pension and wife's old age pension, with what is on offer it can be done , just did'nt want to get to 65 only to be told that I was not entitled to MY old age pension...........Jack

Jack_Itin

Another question, Can I apply for a state pension forecast online, or does it have to be done by post ?.......Jack

jem16

Jack_Itin wrote: »

Another question, Can I apply for a state pension forecast online, or does it have to be done by post ?.......Jack

You can get one online.

Jack_Itin

Thanks Jem, don't suppose you have link to it do you ?.......Jack

jem16

Jack_Itin wrote: »

Thanks Jem, don't suppose you have link to it do you ?.......Jack

https://secure.thepensionservice.gov.uk/statepensionforecast/

Jack_Itin

Jem, thanks, just found it when I got your reply, appreciate it.....Jack

Jack_Itin

Have now sent for state pension forecast, have to wait for activation code, which should be here by post within 7 days.......Jack

Jack_Itin

Talking to an ex colleague today, who retired at 65, he says that because he was contracted out, for some years, he does not get the full basic pension,I realise that every case is different, but can this be correct ? I am now totally confused........Jack