Civil Service Pension

jamesperrett

Suffolk_lass wrote: »

You could explore partial retirement ahead of your normal pension age. This would permit you to take an actuarially reduced lump sum (typical examples are 5% for each year you take it early)

The actuarial reduction for a lump sum is only about 3% per year at age 58 which makes this even more attractive.

kidmugsy

If you hate the job do one thing.

If you don't hate the job do another. Flog on till you are 60, having extended the mortgage. In your shoes I might extend the mortgage to 75 or even 85, and increase the size of the loan,giving me extra capital to bridge the gap until the onset of State Retirement Pension. Or perhaps I'd extend as a three or five or ten year fix so that I'd certainly have my TFLS when it comes to paying it off.

lotto

Thank you all so much, it has really helped!!!!11088;!!!65039;