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What made you 'pull the trigger'?
in Pensions, annuities & retirement planning
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Whilst the redundancy package on offer wasn't very generous it did give me some breathing space. I still work P/T in a different field 5 years later and as I'm DC only I can be flexible about when and how I use my pension savings. No regrets so far.
Like you, such things were relatively uncommon in my line of work, so I had to make the decision without this 'help'
Message from my boss last week in the middle of 4 months on the sick.
"Whats in your bench, may need to clear it out" (bench= office dwellers equivalent of the desk!)
I excitedly replied "are you paying me off "
One word reply in capitals "NO"
The "package" boat sailed for me last August when I retired. The numbers added up for me and there was no real sniff of redundancy in the air so I decided you can't put a price on those extra years retirement.
I know a couple of people in a similar situation who are still hanging on hoping for things to change. But as I understand it the HMRC site where I used to work, which is a transitional site in the HMRC Superstore Project and due to close in 2025, now looks like it might be extended. For their sake I hope things change and they get their package, particularly with NRA of 67, but there will be no regrets from me at all.
I can afford to retire but can't seem to find it in myself to just pack in a reliable, well paid, working from home, cushy, dull job.
not sure how much I would get as a) I’m effectively part time, b) partially retired and c) perhaps have too many years in (41). I did try reading the guidance but couldn’t make head nor tail of it. I shall keep my fingers firmly crossed 🤞 Hope you’re enjoying retirement - I’m finding 2 and a half days is good for me and although happy to be flexible in terms of flipping the odd half day here and there my management seem to have grasped that if they send me anything (or invite me to a meeting) on a Monday, Thursday afternoon or a Friday then I simply won’t respond.