Speak to ya ifa he will run it through a routine and factor in stuff.like market crashes etc and he estimate how long ya lot will last you.
Totally do this. My advice to is get a good IFA.
Yeah what he meant is I will only have me state pension after me pot runs out but that’s assuming I’m spending what I do now which I can’t see being the case.You will still have a state pension then.
You will be a dirty old Man if you live to 90 mind in more ways than one.
Council tax in Murton is £190 . Lecky and gas monthly £100 plus
If you don't take a 25% lumper I think you can drawdown about £16,760 a year tax free.
Me dad always used to say “if a kannitt takk it withus them I’m not gannin” ………. Eye dad that went well mate.Definitely Mate and that old saying you can’t take it with you.
If you were 90 I reckon a state pension could support your mobility scooter charge.
I put my own spreadsheet together and should be fine.
Need to enjoy every day as we never know what is around the corner. As my Mate always tells me. We will always have a worry box of some degree and he is spot on.
This /\ /\ /\
Took no advice due to a massive distrust of almost everyone
Not much help to you like
Having worked in the ambulance service and primary care for nearly 35 yrs I’ve seen so May people working hard, enjoying work, reasonable comfort and then something pulls the rug from under their feet and they are either dragging a leg, chronic illness and are too buggered to enjoy their wealth . My motivation to retire and return are these stories. 2 days per week now, Ive built up a few hours so I’m now week 3 into a month off and feel so much better. Currently in Brittany eating well, walking miles with the wife and dog spending some of the lumper.
This. You are hardly going to be visiting the lakes every 3 months and hiking in the hills at 90.
It’s the same with everything. That worry box’s contents just change but there’s always something in it. Take kids. The worry about every sniffle as a new born, move on to teeth and the sleeping, potty training, new schools, bullying, exams , off to work/ uni. Ideal I thought, now the bollox we are dealing with with her house move ! There’s always a worry it just changes. We have taken in a project at home and I’ve worked harder in the last year only to have another land on us that was simmering since before lockdownDefinitely Mate and that old saying you can’t take it with you.
If you were 90 I reckon a state pension could support your mobility scooter charge.
I put my own spreadsheet together and should be fine.
Need to enjoy every day as we never know what is around the corner. As my Mate always tells me. We will always have a worry box of some degree and he is spot on.
new project from before lockdown
Any time ya up mate, morning starts when I get up and chill time ends after 3 cups or two albums hahahGood luck to you Mate.
Job was slowly killing me and don’t miss the pressure and stress.
Never rule out a part time job either and all about options. I landed a part time job out the blue and it’s beer and football money and involved with a hobby, fishing.
It’s the funerals and people you knew going that hits it home. They never had the choices of spending that money that they accrued.
Exactly that Mate with the coffee machine. Before you would be stressing over the next job and time putting pressure on you. Now just fart about with doing it properly and enjoying it.
I never read my fishing stove instructions and set the living room rug alight
Spent considerable time trying to hide the singe marks from the Ayatollah when She came home. First thing was, “ What’s that burning smell?” Guilty as found and the rug is no more. You bloody enjoy it Mate and if I was close I would want a coffee from that machine
Its very liberating having the whole day free ,everyday. I had a do very little day yesterday. No big activities, just stuff . It was great . I went to a workmates birthday doo at the weekend . It sounds as bad as ever and it's history to me nowGood luck to you Mate.
Job was slowly killing me and don’t miss the pressure and stress.
Never rule out a part time job either and all about options. I landed a part time job out the blue and it’s beer and football money and involved with a hobby, fishing.
It’s the funerals and people you knew going that hits it home. They never had the choices of spending that money that they accrued.
Exactly that Mate with the coffee machine. Before you would be stressing over the next job and time putting pressure on you. Now just fart about with doing it properly and enjoying it.
I never read my fishing stove instructions and set the living room rug alight
Spent considerable time trying to hide the singe marks from the Ayatollah when She came home. First thing was, “ What’s that burning smell?” Guilty as found and the rug is no more. You bloody enjoy it Mate and if I was close I would want a coffee from that machine
What's that figure? It's clearly more than your tax free earnings allowance
Take £16760 from SIPP/DC pension 25% is tax free the remainder works out at £12570 which is a lot of people's personal allowance so that's tax free as well. That's what I'm doing
Ah ,get you . Get the 25% on each withdrawal instead of lump . I just took it in 1 and left the pot as drawdown with no plans to use for a while . Try to keep my income under the tax free figure going forward as I'm under state pension age
I'm living off it . Im not a super pot retiree . As you say i get bits of interest off things ,small income off old pension so the trick is to keep it all under my allowance ,tax free . Like you I use up my isa options , sipp /pension top up allowance ,and the like . I decided I needed out of my work situation ,clean break . I may feel like doing something in a year or whatever who knows .
