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Aytee
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17-08-2019, 03:43 PM
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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
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Aytee
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17-08-2019, 03:44 PM
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Re: What is a decent amount of income

Just worried about stuff going up faster than my income
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Floydy
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17-08-2019, 03:46 PM
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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.
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17-08-2019, 03:48 PM
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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 .....
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17-08-2019, 04:10 PM
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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?
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Aytee
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17-08-2019, 04:21 PM
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Re: What is a decent amount of income

Perhaps I am worrying unnecessarily.
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17-08-2019, 06:10 PM
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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)
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17-08-2019, 06:17 PM
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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.
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17-08-2019, 06:31 PM
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Re: What is a decent amount of income

*** Please stay on topic, some posts have been removed
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17-08-2019, 06:32 PM
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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 .....
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