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Retirement

Ned Land said:
I bought a tassimo machine for about £25 a few years ago. The pods cost £4.50 for 8 macchiatos so I treat myself to one each day. It isn’t a cheap habit!
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I buy mine from Costco 80pods for £23 (about 29p each) for Costa Americano XL.

I know it's expensive, so I just have one in morning, because I'm responsible.
The Mrs isn't responsible so absolutely canes the thing senseless so I have to buy in bulk from Costco.
 

a1970man said:
I buy mine from Costco 80pods for £23 (about 29p each) for Costa Americano XL.

I know it's expensive, so I just have one in morning, because I'm responsible.
The Mrs isn't responsible so absolutely canes the thing senseless so I have to buy in bulk from Costco.
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I had 2 in one morning and it went straight through me 💩

I have tried using Americano then adding my own milk but it isn’t as good as using the milk pods.
 
HerdnMulhall said:
I retired 13 years ago. We're comfortable but not rich. Moved abroad. Invested in a bond the day before Covid hit, then we had Ukraine, Trump .it is only now limping towards what we put in 6 years ago.This week we've had the car needing replacing while we are in the middle of transferring the ownership of our home from a gib based company to our selves at a cost of 23k (unmarried couples couldnt fully inherit under Spanish law when we bought the place) my laptop has gone dumpf and the dishwasher has all of a sudden done the same thing. What l am learning is that it would have been best to invest into two seperate pots. One for exigencies such as we are facing and another solely for ring fenced capital to provide (hopefully,) passive income. The point is pyschologically drawing down capital in later years is stressful. Shouldnt be ,theres no pockets in a shroud, but it does feel regretful. Hope this makes sense.
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Or just pay about 15 quid a month and have all your appliances covered for free breakdowns and repairs
 
DaveH said:
I don't feel that going to work gives me a purpose or that people who are retired have no purpose.

It is there to provide income (but in a way that does interest me) until such time as I don't need it to do that.
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I think paddy's comment was in a series of comments about someone just existing on basic budgets rather than work . Work had pros and cons. Affording a nice standard of living is a pro
 
a1970man said:
I saw the news about all of this worry that SP would overtake the tax allowance and pensioners would pay tax and a thought struck me.
It's daft that the government pay pensions, then an amount back, so why not have a new tax code for pensionable age people.

The current standard tax code is 1257L which means that you can earn £12570 a year before paying tax, so why not allocate a new code, say 1257R.
Then if the pension is raised to say £13000 a year, they just leave the standard one at 1257L and raise the pensionable one to 1300R for people over 67.

At the end of the day it's pointless the government giving you money then taking it back, so why no just say that state pensions are tax free. It all ends up in the same place at the end of they day anyway.
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If you look at it another way, it makes the triple lock affordable to the state.

Simplifying the numbers ... 4% inflation but 5% SP increase due to triple lock. No change to tax allowance. c. 20% of the 5% goes back to the Treasury. Effective SP increase is what it would have been without triple lock.
 
3.142 said:
If you look at it another way, it makes the triple lock affordable to the state.

Simplifying the numbers ... 4% inflation but 5% SP increase due to triple lock. No change to tax allowance. c. 20% of the 5% goes back to the Treasury. Effective SP increase is what it would have been without triple lock.
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True to a certain point, but theres additional administration costs in doing that. Also politically its a very difficult sell to the electorate
 
121 days into retirement and it’s shit. Had an interview today which went really well. Finding out on Monday if I’ve bagged it. Honestly pottering about doing jobs in the house can suck me clinkers.
 
7 weeks retired today. I love it. Got my lumper this week and we’ve shoved it into cash isas and the wife’s fixed rate bank accounts (she doesn’t pay tax). We don’t want any risk and the plan is take out a chunk every year for the next 12 years or so until the state pension kicks in.

I’ve been in to work for a day to help them out a little and I’ve answered queries via text and email, which I’m happy to do, but I don’t miss it one little bit. In fact, when I left after going in to help out I felt a rush as if I was retiring all over again. It was like a retirement validation.
 
Don Birnam said:
7 weeks retired today. I love it. Got my lumper this week and we’ve shoved it into cash isas and the wife’s fixed rate bank accounts (she doesn’t pay tax). We don’t want any risk and the plan is take out a chunk every year for the next 12 years or so until the state pension kicks in.

I’ve been in to work for a day to help them out a little and I’ve answered queries via text and email, which I’m happy to do, but I don’t miss it one little bit. In fact, when I left after going in to help out I felt a rush as if I was retiring all over again. It was like a retirement validation.
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I hope you are being paid for answering queries also your day back in to help out.
 
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