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State pension and early retirement

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  • molerat
    molerat Posts: 35,920 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 9 November 2018 at 3:53PM
    Capt_Slog wrote: »
    I'll have to work out whether its worth paying the Voluntary Class3 contribution (£13 a week?, for the next 5-6 years), at first sight it doesn't feel like it is.
    Worth it ? If you intend to live for more than 4 years post state retirement age it is a no brainer. A one off payment of <£800 gives you £250 a year, increasing annually with inflation, for the rest of your life. Where else will you get that ? MrsM & myself will be donating around £5K to that worthy cause next year to help out the government coffers ;)
  • GunJack
    GunJack Posts: 11,966 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Capt_Slog wrote: »
    Perhaps I know something you don't? :)

    Poor health, for example? Unless you have a life-limiting condition, it's usually a pretty safe bet you'll get more out than you've paid in extra for those NI years...
    ......Gettin' There, Wherever There is......

    I have a dodgy "i" key, so ignore spelling errors due to "i" issues, ...I blame Apple :D
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