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Best date to retire and claim state pension - advice required

DASBQ
Posts: 1 Newbie
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?
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Comments
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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.0
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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
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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 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.
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This current thread may be of interest.
Can you specify an exact date to claim state pension? — MoneySavingExpert Forum
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