Go Back   theDIBB > DIBB Community > DIBBing > General Chat
Forgotten Password?
Notices
General Chat This forum is for general topics and chat type threads.
Reply
Thread Tools Search this Thread Display Modes
Unread 19 Aug 19, 09:20 AM  
Link to this Post
#25
WhereIBelong
Imagineer
 
WhereIBelong's Avatar
 
Join Date: Aug 15
Originally Posted by megaflyer View Post
Yes I can take my pension and lump sum at 50 too - but I didnt as it was a reduced amount but can do so anytime from 50 to 60 when it reaches max - its quiet common and I know plenty that will draw at 50 then take a part time job to supplement for a few years
I could have taken mine from 50 too - I took it at 55 as the reduction (23%) was such that I have enough to live on with a small part time job - at 50 the amount was just too little. More important now with the proposals for retirement age increases.
WhereIBelong is offline Click to view Members Gallery Click to view Members Trip Plans Reply With Quote
Unread 19 Aug 19, 01:10 PM  
Link to this Post
#26
paw
Imagineer
 
Join Date: Oct 07
Location: Southport
My DH wanted to retire early, he could go at 60 but stayed until 63. It was a final salary pension and he could take a most, but not all as a lump sum. We worked out how much we would need to live on - I also had a good pension - and wanted to to only take out a lump sum that allowed that pension income. The pension company wouldnt do that. They would give a forecast every three months so for a couple of years we got a forecast and filled in a spreadsheet with the results. In the end he took an early pension with redundancy so the lump sum was massively increased and we were given a financial adviser. He was most surprised that my spreadsheet was only 99p a month out.
paw is offline Girl Mouse Click to view Members Gallery Click to view Members Trip Plans
Mexico for Christmas
Reply With Quote
Unread 19 Aug 19, 04:43 PM  
Link to this Post
#27
ansi41
Thread Starter
VIP Dibber

 
ansi41's Avatar
 
Join Date: Nov 11
Mobile

Thank you so much to all of you that have replied. Yes it's certainly a minefield and now I have more things to think about but one thing I know for sure, is to get some advice. Later this week I have a spare afternoon so I think I'll tackle it then. I have noted down the points raised on here so hopefully I will have things a bit clearer in my head.
Thanks again, Andrea x
ansi41 is offline Girl Mouse Click to view Members Gallery Click to view Members Trip Plans
P & O Mini Cruise to Bruges for starters
Reply With Quote
Reply
Ocean Florida

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Forum Jump

Attraction Tickets Direct

All times are GMT +1. The time now is 09:36 PM.


Powered by vBulletin - Copyright © 2000 - 2019, Jelsoft Enterprises Ltd.

theDIBB Menu

TravelPlanners

US Dollar Rates
ASDA  $1.2258
CaxtonFX  $1.2194
Covent Garden FX  $1.2355
FAIRFX  $1.2200
John Lewis  $1.2310
M&S  $1.2030
Post Office  $1.2211
Sainsburys  $1.2258
TESCO  $1.2275
Travelex  $1.2265
Updated: 21:30 18/09/2019

theDIBB Charities
Cancer Research UK
DIBB Members have Donated: £10,130
£


Macmillan Cancer Support
DIBB Members have Donated: £1,085
£

Euro Rates
ASDA  €1.1076
CaxtonFX  €1.1054
Covent Garden FX  €1.1153
FAIRFX  €1.1055
John Lewis  €1.1126
M&S  €1.0893
Post Office  €1.1035
Sainsburys  €1.1094
TESCO  €1.1092
Travelex  €1.1085
Updated: 21:30 18/09/2019

Orlando Weather
Florida Time
Wed 18th Sep 4:36pm
Now: 31C/88F
Moderate Rain
Moderate Rain
Thunderstorm
Thunderstorm
Cloud Cover: 75%
Rainfall: 1.02mm
Wind: 11mph - E Arrow points to where the wind is coming from.
Pressure: 1015mb
Humidity: 70%
Illuminations Smoke
Updated: 20:28 18/09/2019