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What made you 'pull the trigger'?



  • indiasignindiasign Forumite
    45 Posts
    Part of the Furniture 10 Posts Combo Breaker
    OP, we’re in very similar positions - 38 years in the same job, not been enjoying it for some time, and the pandemic just made thing worse, with working from home breaking what few “team” bonds I had left.

    So this year I’ve taken the first steps on what is going to be a fairly long “glide path” to retirement, taking one DB pension a year early, while dropping down to 4 days a week.

    Then next year I’m taking my CS Premium pension, and dropping to 3 days, to ease myself into the idea of retirement.

    My main issue then is deciding when I can finally pull the trigger, with enough coming in, and enough savings to cover the gap between taking my CS Alpha pension early, and SP kicking in

  • SouthCoastBoySouthCoastBoy Forumite
    615 Posts
    500 Posts Third Anniversary Name Dropper
    michaels said:
    For those who have been same employer for a long time and have a big DC pot, consider working for the civil service for a year or so as you can import a lot of your DC into the govt gold plated DB at generous rates which reduces SOR risk and lifetime allowance issues.
    That's interesting didn't know you could do that, how does it work?
    It's just my opinion and not advice.
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