The Retirement Thread

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D

Deleted member 1258

Guest
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
 
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welsh dragon

Thanks but no thanks. I think I'll pass.
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. :birthday:
 

classic33

Leg End Member
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

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D

Deleted member 1258

Guest
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 :smile:

Well Done.
 

Exlaser2

Veteran
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

68, & my GP says I will officially be old at 70!
Moderator
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. :cursing:
 

welsh dragon

Thanks but no thanks. I think I'll pass.
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. :cursing:


Can you repeat that in English please :laugh:
 
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