Is £50000 to £60000 promotion worth it ?

Moneycantbuyyourhappiness

Trentenders wrote: »

So cut your tax by increasing your pensions contribution. The cutting tax board or the pension board is probably a more appropriate place for your 'problem'.

The private pension age has been edging higher for a while. It was raised from 50 to 55 in 2010. It will probably be 70 and there will be no tax free lump sum by the time I retire.

Yes, this really should have been posted on the tax/pension board

lessonlearned

Moneycantbuyyourhappiness wrote: »

The private pension age has been edging higher for a while. It was raised from 50 to 55 in 2010. It will probably be 70 and there will be no tax free lump sum by the time I retire.

Yes, this really should have been posted on the tax/pension board

There is nothing to stop you retiring whenever you like. YOu don't have to wait for either state retirement age or your works pension to kick in.

If early retirement is your goal then look for alternative investment opportunities.

scaredofdebt

It's worth it to me but I am not you.

paddyrg

Are you secretly showing off?! How many people here would be thrilled to earn £50k? ;-)