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Bold leap into retirement
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pterri said:Well done! I’ll be 57 next year (2025 July) and am thinking of leaping. I want the time back, working in a stressful ‘professional’ position is making me ill, not dreadfully so but in that grinding way. I’m very conservative financially which paradoxically makes going very early, seen by some as reckless, possible as I’ve always saved. My position, mainly due to a DB pension and not over stretching myself house buying.
no mortgage or dependants
my DB pension will be worth £37k if I take it at 60. Loose a chunk if I take it at 57 so planning to use my SIPP and ISA until then
SIPP £110k
ISA £87k
ive got £130k in AVCs long story but I can take that as a tax free lump sum without affecting my DB or transfer it to my SIPP. I can only do this at the same time as starting my DB.
full state pension at 67
so essentially I’ll use my SIPP and ISA to tick over to 60 (three years) then I’m in a good place.
ive probably ‘over saved’ but I’ve never felt I’ve missed out, except time spent at work. Pay back time!
best of luck smudge, hope it works out. I’m sure it will
I would go today if I was you, and get to living it up ASAP!
Think first of your goal, then make it happen!3 -
Wishing happy times ahead to all of you teetering on the brink of retirement! I'll be joining you in December.3
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The weather is lovely (walking, gardening and relaxing!) and if your finances can support you in your desired lifestyle then I am sure you will all enjoy retirement ... like me
Good luck to everyone planning to retire soon. Time is something you cannot buy.5 -
Just had my last payslip now. HR really are useless, they informed me that I was only due 4.5 of my 7.5 remaining annual leave days and would be paid for the 4.5.
But on the payslip they have paid me 7.5. This happend last time with my previous employer and them trying to get me pay the overpayment back was a right pain as it mucks up your tax and you have to wait another tax year to be refunded. I wonder if these lot will want to claw back the pay for the 3 days ?2 -
huw01 said:Just had my last payslip now. HR really are useless, they informed me that I was only due 4.5 of my 7.5 remaining annual leave days and would be paid for the 4.5.
But on the payslip they have paid me 7.5. This happend last time with my previous employer and them trying to get me pay the overpayment back was a right pain as it mucks up your tax and you have to wait another tax year to be refunded. I wonder if these lot will want to claw back the pay for the 3 days ?Fashion on the Ration
2024 - 43/66 coupons used, carry forward 23
2025 - 62/892 -
Earlier in this thread I outlined our plans for stopping towards the end of this year, and my (possibly 'f*** you' feelings at present) thought that with about 20 days leave outstanding I'll hand my notice in (30 days notice) and be gone within a matter of days (if that). But, I had a regular catch up with my line manager today and they indicated that one of our other key people had given the business 2 years notice of retiring. So now I am sat feeling a bit 'bad' / guilty, and feeling that I should probably shine the light on my plans.
I'll deal with it after my holiday. Something to look forward to :-|Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone2 -
cloud_dog said:Earlier in this thread I outlined our plans for stopping towards the end of this year, and my (possibly 'f*** you' feelings at present) thought that with about 20 days leave outstanding I'll hand my notice in (30 days notice) and be gone within a matter of days (if that). But, I had a regular catch up with my line manager today and they indicated that one of our other key people had given the business 2 years notice of retiring. So now I am sat feeling a bit 'bad' / guilty, and feeling that I should probably shine the light on my plans.
I'll deal with it after my holiday. Something to look forward to :-|
I'll be giving 12 weeks, and finishing at Christmas this year.4 -
cloud_dog said:Earlier in this thread I outlined our plans for stopping towards the end of this year, and my (possibly 'f*** you' feelings at present) thought that with about 20 days leave outstanding I'll hand my notice in (30 days notice) and be gone within a matter of days (if that). But, I had a regular catch up with my line manager today and they indicated that one of our other key people had given the business 2 years notice of retiring. So now I am sat feeling a bit 'bad' / guilty, and feeling that I should probably shine the light on my plans.
I'll deal with it after my holiday. Something to look forward to :-|
I have started to make noises with my management that I am planning on winding down or stopping "some time in the next year or two" so I have made them aware I'm thinking about it without being too specific about timing.3 -
cloud_dog said:Earlier in this thread I outlined our plans for stopping towards the end of this year, and my (possibly 'f*** you' feelings at present) thought that with about 20 days leave outstanding I'll hand my notice in (30 days notice) and be gone within a matter of days (if that). But, I had a regular catch up with my line manager today and they indicated that one of our other key people had given the business 2 years notice of retiring. So now I am sat feeling a bit 'bad' / guilty, and feeling that I should probably shine the light on my plans.
I'll deal with it after my holiday. Something to look forward to :-|5 -
cloud_dog said:Earlier in this thread I outlined our plans for stopping towards the end of this year, and my (possibly 'f*** you' feelings at present) thought that with about 20 days leave outstanding I'll hand my notice in (30 days notice) and be gone within a matter of days (if that). But, I had a regular catch up with my line manager today and they indicated that one of our other key people had given the business 2 years notice of retiring. So now I am sat feeling a bit 'bad' / guilty, and feeling that I should probably shine the light on my plans.
I'll deal with it after my holiday. Something to look forward to :-|
If it was convenient for them they would get rid of you tomorrow and never give you a second thought.Think first of your goal, then make it happen!5
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