Drago
Legendary Member
- Location
- Suburban Poshshire
Sun is peeping out... a back garden reading session with the new Jack Reacher might well be on the cards.
The Retirement Thread
- Thread starter Dirk
- Start date
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numbnuts
Squire
- Location
- Gone over the hill and far away
morning only 6.6c here 
nothing else to report
Really enjoy reading Jack Reacher, I've read quite a few over the years but sometimes lose track of the ones I've already read, find myself a couple of chapters in and think " hang on, this seems quite familiar...'
Flick of the Elbow
less than
- Location
- Midlothian Edinburgh
Pleased to read that the new Bond film is getting good reviews but I fear it will have finished its cinema run long before I feel able to visit any cinema again. I can only hope they do a second cinema run in a year or two’s time.
Drago
Legendary Member
- Location
- Suburban Poshshire
Daniel Craig's toupee looks pretty good in the new Bond fillum. I got Mrs D a ticket to see it on Saturday, and as her wheelchair pusher I get in free 
welsh dragon
Thanks but no thanks. I think I'll pass.
And the rain has arrived. Oh well. Another lazy day for me it is then
Mo1959
Legendary Member
- Location
- Perthshire,Scotland
Nice all day here but not exactly warm. Better make the most of it as it's all downhill again.And the rain has arrived. Oh well. Another lazy day for me it is then
PaulSB
Squire
- Location
- Chorley, Lancashire
Good morning. It's rained all night. Roads are soaking. Cycle plans abandoned. I've a big gravel ride on Sunday and after that I need to get the Kinesis ready for winter road riding. Sunday is the final gravel ride of 2021 and the forecast says this is a decision I'll regret.
Loads of odds and sods to do. If it dries up at all I have garlic, onion sets and shallots waiting to be planted.
Loads of odds and sods to do. If it dries up at all I have garlic, onion sets and shallots waiting to be planted.
Chief Broom
Veteran
Morning folks 
Now that im doing supersonic speeds i decided to start wearing my shiny new crash hat! I thought it might be a pta but hardly noticed i was wearing it. Small children aren't throwing rocks at me and the neighbours didnt laugh so alls well. Think i'll put the bars back up a bit as the lowness was a bit optimistic considering my bad back, made me ponder about how riders go from bum up head down in their yoof and then a steady raising to the creaky old gits '5mins to midnight' position...
Im loving this Dawes though and as long as all the components have some longevity it''ll do for me.
Now that im doing supersonic speeds i decided to start wearing my shiny new crash hat! I thought it might be a pta but hardly noticed i was wearing it. Small children aren't throwing rocks at me and the neighbours didnt laugh so alls well. Think i'll put the bars back up a bit as the lowness was a bit optimistic considering my bad back, made me ponder about how riders go from bum up head down in their yoof and then a steady raising to the creaky old gits '5mins to midnight' position...Im loving this Dawes though and as long as all the components have some longevity it''ll do for me.
If you like wessies you will really like that obe.Morning all
Going to be quite nice out there today, apparently.
Gardening duties today and a Clint Eastwood fillum this avo.
I watched Coogans Bluff yesterday and it was just about the worst thing I've seen Clint do. Really cheesy, formulaic and dated.
Today's offering is Joe Kidd. Not seen that one before.
Flick of the Elbow
less than
- Location
- Midlothian Edinburgh
Enjoyed yesterday’s episode of Escape to the Country, some very nice locations in Argyll. Sounds like the market there was a bit mental at the time of filming, April this year. Lots of cash rich city folks wanting quiet spots with views of the sea.
welsh dragon
Thanks but no thanks. I think I'll pass.
PaulSB
Squire
- Location
- Chorley, Lancashire
@ebikeerwidnes by chance I saw your post in the Increasing Pension Contributions thread. I wanted to offer advice but there's one poster I never go near and two others I'm at least wary of. I'm not sure your IFA is correct or possibly you haven't fully grasped the position. Obviously age and other factors come in to this but this is our experience. Based on your post I guess you're 62 with a state pension age of 67? It's likely you will have to pay up the contributions for the years between actual retirement and pension age. If you retired at 60 this would be seven years.
I hope I'm not teaching you how to suck eggs. Don't take this as gospel but I checked it with my IFA who advises it is a no brainer!
I have been contracted in and out during my working life, have a full contribution record and my state pension, which I actually receive now, is above the basic. Mrs P will receive her state pension in September 2022 and also has a small NHS pension. Mrs P's forecast is below the current state pension because she is missing a number of years contributions and was contracted out to the NHS scheme. Mrs P is able to purchase additional years contributions and the returns are very good. I'm unclear of the exact timing of purchasing the contributions and will check this with my IFA in March 2022. Mrs P retired at 60 and reaches state pension age at 66 and is therefore missing 6 years contributions despite being "fully paid up." She hasn't worked for those six years so hasn't been contributing, you may be the same. Mrs P is "fully paid up" for the years she worked. Stop working before state pension age and you may not be fully paid up
If you go to this site you can check the details yourself https://www.gov.uk/check-state-pension it is the legitimate HMRC site.
In Mrs P's case purchasing these additional years will increase her state pension by £25 per week. Provided she survives 28 months the capital investment of buying the additional years is fully repaid. From that point on the additional £25 per week is the financial return. It's a very good deal. From memory do this:
I hope I'm not teaching you how to suck eggs. Don't take this as gospel but I checked it with my IFA who advises it is a no brainer!
I have been contracted in and out during my working life, have a full contribution record and my state pension, which I actually receive now, is above the basic. Mrs P will receive her state pension in September 2022 and also has a small NHS pension. Mrs P's forecast is below the current state pension because she is missing a number of years contributions and was contracted out to the NHS scheme. Mrs P is able to purchase additional years contributions and the returns are very good. I'm unclear of the exact timing of purchasing the contributions and will check this with my IFA in March 2022. Mrs P retired at 60 and reaches state pension age at 66 and is therefore missing 6 years contributions despite being "fully paid up." She hasn't worked for those six years so hasn't been contributing, you may be the same. Mrs P is "fully paid up" for the years she worked. Stop working before state pension age and you may not be fully paid up
If you go to this site you can check the details yourself https://www.gov.uk/check-state-pension it is the legitimate HMRC site.
In Mrs P's case purchasing these additional years will increase her state pension by £25 per week. Provided she survives 28 months the capital investment of buying the additional years is fully repaid. From that point on the additional £25 per week is the financial return. It's a very good deal. From memory do this:
- Enter your details and get the forecast
- Follow the link on increasing your pension
- You will be able to view the years which are missing
- The cost of purchasing each year
- The date by which you must purchase each year - this is specific detail I will be checking with my IFA as I don't follow it
- The additional pension you will receive up to your maximum
- You can then total the cost of the contributions
- Divide this by the weekly/monthly increase to understand how long the pay back period is. That is how long before your weekly increase pays back the cost of purchasing the contributions
- From the end of the pay back period you get a weekly return of £????
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Mo1959
Legendary Member
- Location
- Perthshire,Scotland
I'll be short too but not sure I want to spend thousands now for £25 per month later that you don't even know how long you will be around for. I think I'll be happy enough with what I'll get.
Didn't know that you spoke Welsh.
