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Recently quit my job of 20 years

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Comments

  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    BTW here's a warning for you. You may see or find schemes that purport to release your pension money early via some loopholes.
    What you will find (and we've had posters here previously whining about the outcome), they are not loopholes but illegal, in a nutshell you end up getting less than half your money out (the scheme takes the lions share) then HMRC comes along and wants more than that half you've received in back taxes, end result being you lose it all and more, so please don't be tempted.
  • economic
    economic Posts: 3,002 Forumite
    Do you not have any savings outside of the pension?
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If you dont have savings, get another full time job (contract or not) and save up a lump sum to fund a gap year.

    Then take your time off to travel
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