The Retirement Thread

154 watchers
Nov 2022
11:47am, 26 Nov 2022
61,244 posts
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Velociraptor
It's typical Federation behaviour.
Nov 2022
11:48am, 26 Nov 2022
37,877 posts
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EvilPixie
That’s frustrating vrap
Nov 2022
11:50am, 26 Nov 2022
24,006 posts
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Bazoaxe
I like the idea of reduced hours or days but not the reduced income and pension savings. Or the impact IF I was made redundant. I am kind of thinking I will stick to full time to maximise what I have unless I feel I can’t take it any more.

Very jealous though of Greg and also eLBees possibility if agreed.
Nov 2022
11:52am, 26 Nov 2022
61,245 posts
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Velociraptor
I would love to be able to do more full day/long weekend things with eL Bee!. The 4 hour shifts every weekday appear to be the worst of all worlds for him because he still ends up wiped out by them.
Nov 2022
12:01pm, 26 Nov 2022
24,007 posts
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Bazoaxe
Yes, that would be annoying and would be better to do say hours in fewer days
Nov 2022
2:17pm, 26 Nov 2022
30,751 posts
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macca 53
Well done Greppers
Nov 2022
2:49pm, 26 Nov 2022
57,621 posts
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alpenrose
Nice one Greppers! :)

Shame they can't sort elBee! out, isn't that called bullying in the workplace? They were trying to stamp that out in my day.
Nov 2022
3:28pm, 26 Nov 2022
20,777 posts
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Sharkie
Perhaps someone on ehere can answer this question for me, please.

I have two pension plans with Scottish Widows (originally vial Lloyds Bank) The main one has a lot more in it than the top up one started much later. When I contacted SW about taking my 25% tax free the chap I spoke to only dealt with the original 'old' (main) one. He said he'd get a specialist to ring me back about taking from both. That was nearly a fortnight ago and no phone call.

My question is: if I take the 25% from Plan 1, would I still be able to take 25% tax free from the much smaller Plan B at a later date? It seems too complicated and hardly worth it to combine them first.
Nov 2022
3:29pm, 26 Nov 2022
20,778 posts
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Sharkie
PS Am 70 on January - the time has come!
Nov 2022
3:37pm, 26 Nov 2022
95,797 posts
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Hanneke
The way I understand it is that you take 25% tax free out of each pot.
Mine transpires to be 3 pots, not one, and in it's overview sent to me 6 months before retirement, it says 25% behind each one. So yes.

About This Thread

Maintained by Sigh
Or "something for the old half dead to worry about", as TROSaracen would say 😉 And, "it looks like it's a lot more complicated than I thought," B Rubble :-)

Retirees Hall of Fame

starTROSaracenstar (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)
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)
GregP (31.03.23) - full retirement 14.06.24
Bob! (30.03.23)
Velociraptor (21.03.23)
Garfield (provisional, 27.02.23) (see p.699)
ThorntonRunner (20.12.22)
Mandymoo (21.05.21)
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

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In the Waiting Lounge, with one eye on the door

HellsBells (31.03.24) (orig. May 2018)
Snail (30 April 24)
Fizz :-) (13.06.24)
GregP (14.06.24) - part retirement 31.03.23 (see above)
Silvershadow (target: end of July 2024)
3M (target: Summer '24)
McGoohan (target: Summer '24-ish)
Hibeedeb (target: Autumn 2024)
Synge (target: October 2024)
Roobarb (20.12.2024)
Bazoaxe (target: 31.12.24)
dobbers (target: Dec 2024)

westmoors (target: March 2025)
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