The Retirement Thread

[Deleted member 1258]

This interests / perplexes me. Your income is similar/ more than I have been living off these last four years. How does one become eligible for pension credit?

Do they look at things like if you own your own house / savings etc or is it just anything under a certain income becomes entitled to it.

To be fair at some point during the last four years I would have been entitled to apply for Job Seekers Allowance but couldn't bring myself to going to the "benefits office" or whatever it is called and being grilled by some random person.

Look up Pension Credit online theres a lot of information out there about it, you can apply for it online as well.


https://www.independentage.org/get-advice/money/benefits/pension-credit

 

[welsh dragon]

Apparently it is my birthday today

for some reason I seem to have become 62 - dunno how that happened!

Anyway - to celebrate the weather is non-reainy so I will go out for a ride this afternoon (why are you lot sniggering at the back again - honestly!!!)


I also managed Wordle in 3

Happy birthday to you.

 

[welsh dragon]

Too true……and the reason why I lost around £300 a month pension by leaving early. It was making me ill. No regrets just getting out.

I have lost about £200 by stopping early, plus I stayed at home when I had the kids. That didn't help. But with my private pension as well it's ok

 

[classic33]

Apparently it is my birthday today

for some reason I seem to have become 62 - dunno how that happened!

Anyway - to celebrate the weather is non-reainy so I will go out for a ride this afternoon (why are you lot sniggering at the back again - honestly!!!)


I also managed Wordle in 3

 

[BoldonLad]

Finally gave myself a kick and got the hybrid out for 17 miles. Wet and mucky roads, otherwise pleasant enough and I could hear the larks singing and noticed a couple of clumps of gorse starting to flower

Well done!

 

[numbnuts]

Apparently it is my birthday today

Happy Birthday

 

[numbnuts]

Don't you just love it when you stay in all day waiting for maintenance to turn up and no bugger calls

 

[Chislenko]

When i looked ( out of curiosity ) I noticed that savings are taken into account. There was a quite straightforward guide on the government website that explained the criteria.

I just looked out of curiosity and couldn't get past page one of the assessment form, so I wouldn't qualify.

 

[Deleted member 1258]

Finally gave myself a kick and got the hybrid out for 17 miles. Wet and mucky roads, otherwise pleasant enough and I could hear the larks singing and noticed a couple of clumps of gorse starting to flower

Well Done.

 

[Deleted member 1258]

Apparently it is my birthday today

for some reason I seem to have become 62 - dunno how that happened!

Anyway - to celebrate the weather is non-reainy so I will go out for a ride this afternoon (why are you lot sniggering at the back again - honestly!!!)


I also managed Wordle in 3

Happy Birthday.

 

[welsh dragon]

I see in the news that Shane Warne has died at the age of 52 from a suspected heart attack

 

[Exlaser2]

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.

Cheers for the advice . The problem is the two pensions i have taken already push me slightly over the tax threshold already . 😀

 

[SpokeyDokey]

How the world changes.

Earlier this week I received an email from the manufacturer that I needed to update my Hi-Fi amplifier.

One new cable from Amazon, file downloaded from the web, laptop linked to amplifier via cable and hey presto a bit of jiggery-pokery with File Explorer and job done.

Can't hear any difference though.

We'll need to update our kettles, irons and hoovers soon.

 

[Deleted member 1258]

I see in the news that Shane Warne has died at the age of 52 from a suspected heart attack

Thats two gone, Shane Warne and Rod Marsh, both suspected heart attacks, one 52 and one 74.

 

[welsh dragon]

How the world changes.

Earlier this week I received an email from the manufacturer that I needed to update my Hi-Fi amplifier.

One new cable from Amazon, file downloaded from the web, laptop linked to amplifier via cable and hey presto a bit of jiggery-pokery with File Explorer and job done.

Can't hear any difference though.

We'll need to update our kettles, irons and hoovers soon.

Can you repeat that in English please