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Decision on month for retirement - what to take into account

Wobble101 · 2025-05-23 14:00:58

I’m planning to retire next year, at 60, funding this through two DHB pensions taken early and top ups from saving, My question is about the precise timing of taking the pensions. My birthday is in July, and I’d assumed this would be the trigger point - but on chatting with a friend found myself wondering why not April…

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green.lander_2 Posts: 37 Forumite

25 May at 2:30PM

I was going to take my DB Pension at 65 in September but decided to go in April for the reason you stated. I had to take around a 1% hit but was worth it not to miss the summer. I agree with others the paperwork took ages not least as there was a very small AVC attached to it so plan well in advance.

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Decision on month for retirement - what to take into account

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