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The Retirement Thread

4 lurkers | 172 watchers
Daz Love
Daz Love
1 Jul
2:39pm, 1 Jul 2025
1,900 posts
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Daz Love
Just to add, Sharepurchase you need to hold for 5 years before you can access them. SAYE is after the length of the contract either 3, 5 or 7 years.
Rosehip
Rosehip
1 Jul
2:54pm, 1 Jul 2025
35,843 posts
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Rosehip
I had 3 kids at 3 different schools/nurseries/daycare/after school
Husband and I worked very different hours so I did the mornings and he was home in time for pickups
For at least 5 years everything I earned went into childcare/petrol/pensions/sharesave etc, but I'd have been a crap stay at home mum then, so it was what worked for us.
EvilPixie
EvilPixie
1 Jul
2:57pm, 1 Jul 2025
69,669 posts
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EvilPixie
Gnome has share saves and is annoyed that he'll have to pay tax when it expires!
We had them in the 90s when we both worked for TSB but none since

We worked around childcare too so I hardly saw mrpix

I guess this is why I always felt guilty doing long runs or racing

It's a novelty seeing him all day still.
3M
3M
1 Jul
3:31pm, 1 Jul 2025
26,636 posts
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3M
I think when Mrs3M retires she'll be more than glad not to see me all day long. I may have to go for some longer runs... ;)

Yep, despite me whingeing about today, the sharesave schemes have all been pretty good. And yes, because I retired rather than resigned, they come free "immediately" without tax losses! And I could continue to contribute to the SAYE scheme for up to 6 months after I left.

Sadly until recently I could never afford to take my full annual allowances - there were always more immediate/urgent things to spend the money on (food, mortgage, child costs, uni fees, etc. etc. You all know the list!) but it's a nice little nest egg now.
Bazoaxe
Bazoaxe
1 Jul
5:27pm, 1 Jul 2025
28,519 posts
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Bazoaxe
I will be taking maximum TFC from my DB as its tax free and so thats at least 22% better right off the bat for a tight Scotsman

I missed the boat on our good share save scheme as saving wasnt an option at that time of my life. The other ones since haven’t been great, but I am in the current one and will do all right from that, but not as well as those who took the frost one we had
EvilPixie
EvilPixie
1 Jul
5:32pm, 1 Jul 2025
69,680 posts
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EvilPixie
Talking of savings, it sounds likely that cash ISAs will be dramatically reduced
This is supposed to encourage investment in UK shares.
Which totally misses the point of why people use cash ISAs

PJ Bell (think that’s the firm!) said only 20% of cash ISAs investors will invest in stocks!
jda
jda
1 Jul
5:36pm, 1 Jul 2025
18,926 posts
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jda
Why do people use cash ISAs? I've always wondered.
EvilPixie
EvilPixie
1 Jul
5:39pm, 1 Jul 2025
69,682 posts
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EvilPixie
Better interest than savings account and no risk
Bazoaxe
Bazoaxe
1 Jul
5:51pm, 1 Jul 2025
28,520 posts
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Bazoaxe
In recent times the rates have been worth considering and from Mrs Axe’s TFC we put a chunk in a good fixed rate cash isa as well as more (in my name) in a stocks and shares one
TROSaracen
TROSaracen
1 Jul
5:54pm, 1 Jul 2025
28,820 posts
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TROSaracen
I have a cash ISA at my bank, pays 2.5% tax free.

I have other cash on a cash management platform (allows you to access many savings accounts and spread money about etc) and the instant access accounts are paying 4.0 - 4.1% gross.

If you are paying basic rate tax you get a better return with the latter after tax. It’s about level for higher rate. I suspect banks rates are adjusted to keep this scenario

About This Thread

Maintained by Sigh
A place for baggy spaciousness: "The quality of time, soft attention and ease that we could enjoy 'doing nothing' "
(thanks to TheScribbler for the term (p1516)!)
( see also: neilthewriter.co.uk
and
darkangelswriters.com )

Retirees Hall of Fame

star CumbriAndy star (17.04.25)
Dillthedog (27.03.25)
westmoors (27.03.25)
dobbers (26.02.25)
McGoohan (15.01.25)
Marmite (01.01.25)
Roobarb (20.12.2024)
gribb0 (20.12.24)
3M (18.12.24)
Jigs (25.09.24)
Synge (30.08.24)
Silvershadow (02.08.24)
Hibeedeb (02.08.24)
Winniefree (08.07.24, 2nd attempt)
EvilPixie (24.06.24)
Snail (21.06.24)
GregP (14.06.24) (after part retirement 31.03.23)
Fizz :-) (13.06.24)
Jaks (15.05.24) (third time of retiring)
HellsBells (31.03.24) (orig. May 2018)
TROSaracen (07.02.24)(semi retired since mid 2019)
Hanneke (01.02.24)
Jenni-far-far (28.12.23)
FergusG (22.12.23)
Mrs Jigs (Luverlylegs) (11.12.23)
eL Bee! (30.11.23)
Lip Gloss (22.11.23)
jda (28.08.23)
RFJ (23.08.23)
Sigh (28.07.23)
Schnecke (end of school term 07.23)
Sharkie (05.07.23)
Ally-C (08.06.23)
Rebel (12.05.23)
CogNoscensme AHA (07.04.23)
Windsor Wool (05.04.23)
Bob! (30.03.23)
Velociraptor (21.03.23)
Garfield (provisional, 27.02.23) (see p.699)
ThorntonRunner (20.12.22)
DrMags (30.07.21)
MaltDrinker (30.07.21)
DoricQuine (15.06.21)
Mandymoo (21.05.21)
Eynsham Red (06.05.21)
GimmeMedals (31.08.20)
Steve NordRunner (01.08.19)
um (May 2017)
macca 53 (31.10.17)
XB (07.07.16)
Flatlander (November 2011)
Helegant
Ness
SarahWoo
Rosehip
alpenrose
Johnny Blaze
annadav
K5 Gus
Curly45
LazyDaisy
Dave..M
jabberknit
Shades
Northern Exile
Nick Cook

[other names to follow, on request]

Celebrating reduced hours

star Angus Clydesdale star (30 hours/week, term-time weekdays only, from June 2025)

B Rubble (2 days/wk from July 2025)
MadWelshWoman (2 days/wk from 1 August 2025)

[other names to follow, on request]

In the Waiting Lounge, with one eye on the door

GeneHunt59 (target: July 2025)
RRR-CAZ (September 2025)
Bigleggy (target: December 2025)

geordiegirl (target: May/June 2026)
HappyG (target: June 2026)
Runningbauble21 (target: June 2026)
MadWelshWoman (target: Summer 2026)
OverTheHillToo (target: approx. 2026)

Diogenes (17.03.27)
cathrobinson (target: 2027 onwards)
Hills of Death (HOD) (April 2026-April 2030)
Dave A (June 2030)
Gromit (July 2030)
Mushroom (December 2030)
CK2 (2030)

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Just browsing at the moment

Bazoaxe
Daz Love
Totriornottotri
DIY Diva

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Retirement Failures

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