Best date to retire and claim state pension - advice required

DASBQ

I am eligible for state pension early April next year.  My question is should I retire exactly on my birthday or after or at financial year end.  The ideal for me would be retire mid March but does that have any great effect on payments?

Peterrr

Mid/end of March sounds like a tidy option tax wise, though it gives rise to supplementary questions: if that pre-dates your birthday, do you have sufficient savings to fund the gap between employment and state pension? Alternatively, if your birthday comes first (and you have sufficient money by then) just go for it as your time has a value too.

xylophone

You are intending to give up work completely and live on pension income etc?

Will you also be expecting to draw on your workplace pension?

You should receive an invitation to claim your state pension in late December/early January.

https://www.gov.uk/new-state-pension/what-youll-get

Have you obtained a state pension forecast?

https://www.gov.uk/check-state-pension

Albermarle

DASBQ said:

I am eligible for state pension early April next year.  My question is should I retire exactly on my birthday or after or at financial year end.  The ideal for me would be retire mid March but does that have any great effect on payments?

There is no link between when you retire and when you get the State Pension. You could retire at 56 but you still will not get it until you are 66.
There may be some tax benefit with timing your retirement /getting the state pension, depending on your circumstances . If that was actually your question then you need to post up more details of salary level etc.

Albermarle

This current thread may be of interest.
Can you specify an exact date to claim state pension? — MoneySavingExpert Forum