Join for free
Page 2 of 5 < 1 2 3 4 > Last »
Aytee
New Member!
Aytee is offline
United Kingdom
Joined: Aug 2019
Posts: 7
Aytee is male 
 
17-08-2019, 03:43 PM
11

Re: What is a decent amount of income

It is okay at the moment but I just worry about between now and 67. I am concerned that bills are going up more than my income
Aytee
New Member!
Aytee is offline
United Kingdom
Joined: Aug 2019
Posts: 7
Aytee is male 
 
17-08-2019, 03:44 PM
12

Re: What is a decent amount of income

Just worried about stuff going up faster than my income
Floydy
Chatterbox
Floydy is offline
Nowhere
Joined: Oct 2015
Posts: 14,167
Floydy is male  Floydy has posted at least 25 times and has been a member for 3 months or more 
 
17-08-2019, 03:46 PM
13

Re: What is a decent amount of income

Originally Posted by Aytee ->
Yes it is just the future between now and 67. My daughter has gone through it with me and she thinks I am okay. I just feel with inflation etc I may struggle a bit
Originally Posted by Aytee ->
It is okay at the moment but I just worry about between now and 67. I am concerned that bills are going up more than my income
Go online or speak to PensionWise. They offer a very good service and it's free too.

Honestly though, it is just a matter of weighing up what you have to spend on outgoings and take it from there. Don't withdraw more than you need...but then again you can always put it back in again.
Omah's Avatar
Omah
Chatterbox
Omah is offline
Ludlow
Joined: Feb 2014
Posts: 10,147
Omah is male  Omah has posted at least 25 times and has been a member for 3 months or more 
 
17-08-2019, 03:48 PM
14

Re: What is a decent amount of income

Originally Posted by Floydy ->
55 is the earliest you can draw a workplace pension.
Not necessarily, though - I started drawing a reduced workplace pension (local government) at 53 after retiring early - the amount was increased yearly to a full pension two years later .....
Floydy
Chatterbox
Floydy is offline
Nowhere
Joined: Oct 2015
Posts: 14,167
Floydy is male  Floydy has posted at least 25 times and has been a member for 3 months or more 
 
17-08-2019, 04:10 PM
15

Re: What is a decent amount of income

Originally Posted by Omah ->
Not necessarily, though - I started drawing a reduced workplace pension (local government) at 53 after retiring early - the amount was increased yearly to a full pension two years later .....
So why did ask the question to Aytee about how he drew his pension at 54 in your first post?
Aytee
New Member!
Aytee is offline
United Kingdom
Joined: Aug 2019
Posts: 7
Aytee is male 
 
17-08-2019, 04:21 PM
16

Re: What is a decent amount of income

Perhaps I am worrying unnecessarily.
Floydy
Chatterbox
Floydy is offline
Nowhere
Joined: Oct 2015
Posts: 14,167
Floydy is male  Floydy has posted at least 25 times and has been a member for 3 months or more 
 
17-08-2019, 06:10 PM
17

Re: What is a decent amount of income

Originally Posted by Aytee ->
Perhaps I am worrying unnecessarily.
It's a big decision, Aytee and the worry is if you are planning it out correctly. If you are, and you arrive at a workable plan then you have no need to be concerned. be cautious and if you are at all worried then get some advice from PensionWise mate (not from Omah)
Floydy
Chatterbox
Floydy is offline
Nowhere
Joined: Oct 2015
Posts: 14,167
Floydy is male  Floydy has posted at least 25 times and has been a member for 3 months or more 
 
17-08-2019, 06:17 PM
18

Re: What is a decent amount of income

Originally Posted by Omah ->
Because I was trained as a pensions adviser .....
I know more than you do about my pension.
Mags's Avatar
Mags
Supervisor
Mags is offline
South West UK
Joined: Aug 2009
Posts: 47,931
Mags is female  Mags has posted at least 25 times and has been a member for 3 months or more 
 
17-08-2019, 06:31 PM
19

Re: What is a decent amount of income

*** Please stay on topic, some posts have been removed
Omah's Avatar
Omah
Chatterbox
Omah is offline
Ludlow
Joined: Feb 2014
Posts: 10,147
Omah is male  Omah has posted at least 25 times and has been a member for 3 months or more 
 
17-08-2019, 06:32 PM
20

Re: What is a decent amount of income

Pensionwise offer sound advice .....
.
https://www.pensionwise.gov.uk/en

Professional advice is always the best solution for pension queries .....
 
Page 2 of 5 < 1 2 3 4 > Last »

Thread Tools


© Copyright 2009, Over50sForum   Contact Us | Over 50s Forum! | Archive | Privacy Statement | Terms of Use | Top

Powered by vBulletin Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.