Re: What is a decent amount of income
Originally Posted by Aytee
I was in the police under the old system
Oh fair enough
Mate, I'm in a similar situation to you. I'm 55 in October and I've worked out what I need to withdraw from my pension pot. Things I need to pay off plus a new account I'm opening which will have a few thousand in it to cover household emergencies and holidays.
Work out what you need to cover your bills and food etc and go from there.
Make a list.
Be mindful though that only 25% is tax free.