The Retirement Thread

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Chislenko

Veteran
I know we have a few well off retirees on here but have any of you considered returning to work part time in order to top up your pension to help with increasing living costs ?

Wash your mouth out 😀

The day I never had to get up, put a suit on, drive for two hours on Britain's over crowded motorways, work all day and look forward to the return journey was the best day of my life.

So fed up with work was I, I finished at 62 and lived off savings, and to be honest I didn't really miss my wages, you just adapt.

Another four years of salary versus the last four years of freedom I have had...no contest.
 
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Deleted member 1258

Guest
I know we have a few well off retirees on here but have any of you considered returning to work part time in order to top up your pension to help with increasing living costs ?

No, even if I wanted to, and I don't want to, I couldn't, I'm my Good Ladies carer now and wouldn't have time, even if I had time I'm no longer capable of doing the manual work I used to do.
 

Exlaser2

Veteran
Gavroche. Unfortunately the answer is possibly. It’s either do a little w@@@ or start taking money out of my drawn pension . Something I didn’t want to do until I got to 65 .
I’m not going to rush though 😀
 

SpokeyDokey

68, & my GP says I will officially be old at 70!
Moderator
I know we have a few well off retirees on here but have any of you considered returning to work part time in order to top up your pension to help with increasing living costs ?

Well we are fortunately in the well off category but...

... If money was tight and getting tighter then I would definitely do something to earn some cash.

Anyone in a tricky position, providing they can physically work and doesn't have carer commitments, would be foolish not to give it serious thought imo.
 

welsh dragon

Thanks but no thanks. I think I'll pass.
I am ok because Mr WD has his pension and I will start getting mine next month and I have a small private pension. However if some thing happened to MR WD then who knows. I might have to consider it although jobs are far and few between here .
 
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Deleted member 1258

Guest
From my facebook page tonight.

633685
 

PaulSB

Squire
I know we have a few well off retirees on here but have any of you considered returning to work part time in order to top up your pension to help with increasing living costs ?
I'm not sure how one defines well off. Our incomes are below the tax threshold. That's only deliberate because I don't take my personal pension. No clever plans.

When I retired I had plans to get a small job to top up income. Two reasons for this; our pensions are not enough to live from and I struggled with the idea of not having a regular income. After a few weeks I became resentful of the idea of giving up my new found time and freedom. As the months went by I grew comfortable with the idea of topping up daily living costs from cash savings. No point in leaving it in the bank.

If I had to I'd go back to work but only if absolutely essential.
 
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Mo1959

Legendary Member
Only reason I am managing ok is due to dad’s inheritance money which I dip into to top up my work pension which was drastically reduced due to leaving a couple of years early. I have no intention of being like him and not enjoying spending.

3 years in May till I get my state pension God willing.
 

PaulSB

Squire
Gavroche. Unfortunately the answer is possibly. It’s either do a little w@@@ or start taking money out of my drawn pension . Something I didn’t want to do until I got to 65 .
I’m not going to rush though 😀
Obviously I don't know your position and I'm not an IFA. I retired at 62 with no potential income other than a personal pension. I was very reluctant to buy an annuity or any other product which tied me in for life.

I had four years till state pension age. My choice was to drawdown cash from my pension and then stop when the SP arrived. I now top up with a drawdown which brings me to the tax threshold. I haven't paid tax for five years and don't expect to again unless I survive Mrs P.

It's tax efficient and might be worth considering. Once at SP age means the bulk of any income you take will be taxed.
 

PaulSB

Squire
Well I'm awake but shortly will try to nap. Dark outside but looks benign. Mrs P has mentioned posh lino floor covering again so we may go shopping this morning. We need floor covering as we had an upstairs bathroom flood a few weeks ago. The person who cleaned out the shower drain trap didn't replace it properly. That same person turned on the shower and left it running. I'm saying nothing more. 🤫🤔

I'll try to grab a couple of hours cycling first.

This afternoon it's my annual opthalmology appointment to check on potential glaucoma. The eye pressures have responded to treatment with eyedrops so far.

Quiz at the club tonight.

:hello:🥱🥱🥱
 
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