Soldato
- Joined
- 23 May 2006
- Posts
- 7,931
For me it depends on my health. My last jobs pension is a final salary which I put 19.5 years into so that will be 1/3 (all bar a few pennies) of my salary at point of leaving. It pays out penalty free at 60 or I can take a reduced rate at 55.I had one month paid sick leave and one month holiday to take each year, but then I did put in normally 60-70 hours almost every week.
On another note, how many of you plan to take all of your pension in a lump sum when it's time? Been thinking of doing that as it's quite high now and
you never know when your time is up, so I was thinking maybe just better to enjoy what time is left. Thoughts? I'll be deciding this in a couple days..
If all is well health-wise apparently I can expect to reach 85 on average these days . If I am in good health I will take it at 60 with no lump sum. If I am struggling I will take a lump sum at 55.
Not expecting anything from the state till am 70 and half expecting to be even more shafted and it become means tested.