Having problems deciding whether to press that resignation button....

mat1964

So pressed that button yesterday.

Leave date 31 May 2022.

Overall very happy with the decision, although there is a small part of me that worries I am walking away from a well paid job.

Onwards and upwards :-)

Scrudgy

mat1964 said:

So pressed that button yesterday.

Leave date 31 May 2022.

Overall very happy with the decision, although there is a small part of me that worries I am walking away from a well paid job.

Onwards and upwards :-)

Congratulations, all the best, and all the feedback indicates you will not regret it.

Dansmam

I walked away from a well paid job July last year. Every passing day reminds me there's no job that pays as well as freedom. I'll never be rich again but it's enough to live comfortably and at peace - it's just wonderful. Well done you!

ex-pat_scot

mat1964 said:

So pressed that button yesterday.

Leave date 31 May 2022.

Overall very happy with the decision, although there is a small part of me that worries I am walking away from a well paid job.

Onwards and upwards :-)

Excellent! Please keep documenting your journey - particularly as you navigate the next few months up to end May and then beyond.

I guess you will have also ticked another year's NI entitlement to state pension, if you earn enough in April and May 22.

cfw1994

Scrudgy said:

mat1964 said:

So pressed that button yesterday.

Leave date 31 May 2022.

Overall very happy with the decision, although there is a small part of me that worries I am walking away from a well paid job.

Onwards and upwards :-)

Congratulations, all the best, and all the feedback indicates you will not regret it.

^^^^
THIS!
Congrats 🎉

Dansmam said:

I walked away from a well paid job July last year. Every passing day reminds me there's no job that pays as well as freedom. I'll never be rich again but it's enough to live comfortably and at peace - it's just wonderful. Well done you!

& yup, doesn't matter how well paid you are, there is always a WORLD of things out there that await you 😎
The hard part begins now: trying not to spend EVERY waking hour at work dreaming of 01Jun22 🤪  Keep us informed!!

Albermarle

ex-pat_scot said:

mat1964 said:

So pressed that button yesterday.

Leave date 31 May 2022.

Overall very happy with the decision, although there is a small part of me that worries I am walking away from a well paid job.

Onwards and upwards :-)

Excellent! Please keep documenting your journey - particularly as you navigate the next few months up to end May and then beyond.

I guess you will have also ticked another year's NI entitlement to state pension, if you earn enough in April and May 22.

Also if you retire at the end of May and have no further taxable income in 22/23 , you should get a decent tax refund. Plus the weather should be better by then .

Terron

mlv-1967 said:

mat1964 said:

uss_tish said:

I think it depends how stressful your job is and whether or not you can truly switch off enough after your three days to enjoy your free time. 

Yes this is an issue for me.  I find it hard to switch off - I am working at my desk from 8am every morning and with an average of 3 days a week I suspect I might be up and checking emails on the non working days.

This has been a very interesting thread and has given me a lot to think about.  I really don't know what I am going to do - it may come down to what the IFA has to say.  

How serious are your ill health issues?  I have type 2 diabetes and high blood pressure but both are controlled with medication and I don't feel particularly unwell.  If you can work until at least 60, I would suggest doing so.

The medication I need for my high blood pressure has been reduced since I stopped working full time at 54 - 8 years ago. I wasn't given the choice, but I had enough money to do so and actually have more disposable income now than when I was working. No issue with boredom as I like to read.

Alfredi

I’ve gone to three days a week since October and it’s working fine. The key is to have a supportive work environment and a very defined job, so there is no stretching those work hours or walking in on Tuesday to piles of work left over. Also, if this does not work for you, then just resign. At least worth trying and a better way of entering retirement in a staged manner rather than going cold turkey.

Albermarle

Alfredi said:

I’ve gone to three days a week since October and it’s working fine. The key is to have a supportive work environment and a very defined job, so there is no stretching those work hours or walking in on Tuesday to piles of work left over. Also, if this does not work for you, then just resign. At least worth trying and a better way of entering retirement in a staged manner rather than going cold turkey.

As said before , it can work if you have a defined working day .
If you are in role where you have specific responsibilities , where when issues come up they have to be resolved , then it does not work .
I had a job that could be quiet on a workday sometimes and then I would often have issues to deal with when I had days off .
So would have been pointless going to a three , or even four day week .

sheslookinhot

Well, that retirement button has been pressed. Last year I was thinking about retiring April 21 but decided with an extra 10% on the table I may give it another year. Then COVID hit. The past year has flown in, mostly WFH. Out on my many long walks I made the decision I was going to retire April 22. Went part-time for a few months and finally handed  in my notice this week for a retirement end April. 

I’ll post my pension options on another thread, my preferred option and seek advice from the knowledgeable folks on this forum that it’s the right one. However, I may defer it until Dec 22 or April 23 as I get another 8-9%. A small SIPP will do me for a year. It will probably subsidise my DB pension until full SP kicks in Aug 25.

Plan a holiday on the Algarve before I retire then preparation for the Camino Frances, a 500 mile pilgrim walk in north Spain. The Camper-van can wait.