Retirement

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I have no plans to ever retire and I don't have a pension I opted out from day 1 and have continued to do so.

What are your retirement plans?
 


Wish i could do it now. The thought of grinding out another 35 years or whatever i have left fills me with absolute dread. Having said that, by the time i get anywhere near retirement age no doubt we will have been fucked over multiple times by an unsustainable aged populace to support and pensions won't be worth piss all. You'll get people grafting till they drop, one day jeff doesn't come into the office because he's gone in the night etc
 
Retire at 55 , help look after my dad if he’s still around and then once my parents have passed sell house and move to France - thinking about buying a place in France in the next couple of years but just at the Rightmove browsing stage

niceonemarra said:
I have no plans to ever retire and I don't have a pension I opted out from day 1 and have continued to do so.

What are your retirement plans?
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If you opted out of serps into a bank then somewhere you should have a pension pot and if you’ve paid basic contributions for the required years (30 ?) will get a basic state pension
 
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Nookie Bear said:
Retire at 55 , help look after my dad if he’s still around and then once my parents have passed sell house and move to France - thinking about buying a place in France in the next couple of years but just at the Rightmove browsing stage
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We have looked into properties in southern France as the price is remarkable compared to the UK for a rural home. That said, the holiday let rates aren’t great, but you should easily be able to cover a mortgage and have a few choice weeks per year for you.
At retirement age, sell up your UK home, move to France and add the cash to the pension pot.
 
Nookie Bear said:
If you opted out of serps into a bank then somewhere you should have a pension pot and if you’ve paid basic contributions for the required years (30 ?) will get a basic state pension
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Correct I have a life time of paid national insurance contributions so I will get the state pension, that will do me.

PhilSAFC said:
What if you get ill and can’t work?
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If that happens I'll deal with it.
 
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Going to start paying into a private pension in the next few years to go with my employer one and the state.

I plan on building a house in Romania and making my own wine and beer...
 
18 years time when I’m 60, youngest will be 22 then, if she doesn’t go to uni I’ll retire at 56...I’ll have 36 or 40/60ths of a final salary pension to play with and still own a rental property which isn’t paying itself off at the moment due to negative equity and trapped into a shite mortgage, which I hope to work out a plan to pay itself off by retirement age to either sell or as a source of a small income.

Will be looking for property abroad and downsizing current property and spending time between the two.

Will have got the clubs back out by then and be playing golf to occupy the time but I’ll be mostly sitting on my arse with a drink in my hand for my remaining days.

Don’t understand those that go back to work as they’re bored???
 
I’m only 27 but probably only have a grand in my total pension pot if that from job contributions. At this rate I won’t be retiring anytime soon. :lol:
 
Not sure on actual age to retire. Paying into a self invested pension.

In eight years time my mortgage will be paid off and I'll not have any dependant children, so I can work less hours.
 
Must admit, like many I don't understand pensions. I know I should in theory get the shit state pension. I also know my employer has to pay into another one every month (god knows how-I access it when I'm older like). When I get my bonus I get asked if I want to add that to the pension tax free and always say no, I'd rather have the money now. When I'm old if having paid tax all my life I'm not given a pension I can live on then I'll just go on the rob, nicking groceries from asda and shit
 
PhilSAFC said:
With fairy dust? You need to plan for old age man. You want a relaxing retirement not a one where you make decisions about whether you eat or go cold.

This sounds like another one of your stupid wind up threads anyway so I’m out.
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This isn't one of my wind up threads marra.

I don't pay into a pension and don't plan to retire, its as simple as that.
 
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