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What to do if I retire 10 years early
sgebbie
Posts: 26
Forumite
I currently have a full pension entitlement of £221.20 (as of 2024) and reach retirement age in 2041.
If I keep working until 2030, and then stop does my entitlement start to go down? ie, in 2041 will hmrc look at my last 35 years (2006-2041) which I'd only have 24 years (2006-2030) (because i stop working in 2030), or do they look back at my whole life and see that I have 41 years (1989-2030).
if it helps, i'm 50 right now
thanks
If I keep working until 2030, and then stop does my entitlement start to go down? ie, in 2041 will hmrc look at my last 35 years (2006-2041) which I'd only have 24 years (2006-2030) (because i stop working in 2030), or do they look back at my whole life and see that I have 41 years (1989-2030).
if it helps, i'm 50 right now
thanks
0
Comments
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Once you have built an entitlement you don't lose it.
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
1
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