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A clueless mess
Comments
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In your 50s, that is worth about £600 a year.
Of course, you are many years from being able to access the pensions.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
OP has a couple of previous threads with details of their wider financial situation:
They provide some useful context.
N. Hampshire, he/him. Octopus Intelligent Go elec / Fuse gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Ecoflow Stream, Best kettle :-)
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 37 MWh generated, long-term average 2.6 Os.0 -
One thing to look for with an ill health early retirement pension is that it can start before you would normally be able to take a pension early. So if the normal rule would be 55 or 57 you may find you could take the ill health early retirement pension at 51. I don't say for certain that this would apply to a deferred pensioner under the Civil Service Pension Scheme but it is something to check in case you are thinking you can't get any pension until 57.
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You mention having been a civil servant.
Have you looked into going back to CS for a less physically demanding job?
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