Fed up with working

draiggoch

Personally I would finish this financial year then use the DC pension until your DB pension pays out then take less of the DC pension to match the expected state pension until you reach NPA.
Since you have plenty of savings I would probably choose to take less of a pcls and more guaranteed income from the DB pension.
if you already have enough NI for a full year you could just give your notice tomorrow and use £4200 from your savings to fund the next 6 months and test your ability to live on £700 a month.

pensionpawn

What about reducing your hours to make it easier getting across the full SP finishing line? Also, if full SP is in 2023/24 depending on your salary you may qualify after just a couple of months!

Secret2ndAccount

Why do people keep telling the OP to carry on working? He's got enough resources to draw 30k per year for life, and has declared that he's fed up with working. There is no need to obsess over the NI year. If the OP has earned 6400 since April, then the NI year could already be full. If not, it will cost no more than a few hundred to top it up. Why would you work 6 months for 200 quid?
If he was already retired would you be telling him he needs to go back to work?

Parking_Trouble

Max out pension contributions for the year using savings. Probably into the DB scheme if it's salary sacrifice.
 I ploughed money in AVCs and took them out as the tax free lump sum without reduction of pension.

Surely makes sense to use the DC pension until DB kicks in. You need to use your personal tax allowance rather than using cash savings.

Outgoings do sound remarkably low but even if it's £1400 the OP has enough to bridge until SP.

Downsizing is there as a safety net.

Krakkkers

DB pension is deferred so can't make any payments into that.
Hoping for an interest rate rise in September and beyond to fix my savings long term at 4% which could bring me £500 a month.

shortseller09

Krakkkers said:

I can't order coffee out as I don't understand all the follow up questions 

That really made me laugh out loud

Krakkkers

Do you remember the days when you could ask for a coffee and someone would just give you one?
I have a degree in engineering and 30 years experience on jet engines and weapon systems but I can not order a coffee because they have  elevated it to a level that is beyond me. 
Is there a course I can take?
What is a mocca choca locca?

MallyGirl

Krakkkers said:

Do you remember the days when you could ask for a coffee and someone would just give you one?
I have a degree in engineering and 30 years experience on jet engines and weapon systems but I can not order a coffee because they have  elevated it to a level that is beyond me. 
Is there a course I can take?
What is a mocca choca locca?

You can always ask for a flat white which is basically a normal coffee with milk - although I was at a party recently where the prosecco ran out so people had to move on to 'flat white' i.e. normal white wine.

daveshep26

MallyGirl said:

Krakkkers said:

Do you remember the days when you could ask for a coffee and someone would just give you one?
I have a degree in engineering and 30 years experience on jet engines and weapon systems but I can not order a coffee because they have  elevated it to a level that is beyond me. 
Is there a course I can take?
What is a mocca choca locca?

You can always ask for a flat white which is basically a normal coffee with milk - although I was at a party recently where the prosecco ran out so people had to move on to 'flat white' i.e. normal white wine.

As an engineer of somewhat similar vintage - I've also struggled with request for just a "coffee" being met by such hurdles - agree that "flat white" is best solution (taught to me by Uni aged kids)   

Parking_Trouble

I'd argue that a Flat White is still a trendy coffee and more about the milk than the coffee.

A filter coffee with milk is the simplest white coffee in a coffee shop these days.