Haha! Took me a few posts to click they were different people!
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Retiring
- Thread starter blue moon rising
- Start date
stonerblue
Well-Known Member
Never had pension and not expecting a state one either.
Debt free and some savings under the bed. Just got a side gig that I'm gonna do for 2 years then that's it finito. Portugal Spain or norfolk for gardening. I'll be 57 and my third attempt at retiring.
Debt free and some savings under the bed. Just got a side gig that I'm gonna do for 2 years then that's it finito. Portugal Spain or norfolk for gardening. I'll be 57 and my third attempt at retiring.
Tommy_Catons_Perm
Well-Known Member
- Joined
- 22 Dec 2011
- Messages
- 2,528
Put some of the cash in a SIPP for a couple of years and get a 25% return courtesy of tax relief from the government. It's free money that is being given away so take it.Never had pension and not expecting a state one either.
Debt free and some savings under the bed. Just got a side gig that I'm gonna do for 2 years then that's it finito. Portugal Spain or norfolk for gardening. I'll be 57 and my third attempt at retiring.
denislawsbackheel
Well-Known Member
- Joined
- 28 May 2008
- Messages
- 26,101
- Team supported
- We went to Rotherham…
How are you going to settle in Portugal after December 31st?Never had pension and not expecting a state one either.
Debt free and some savings under the bed. Just got a side gig that I'm gonna do for 2 years then that's it finito. Portugal Spain or norfolk for gardening. I'll be 57 and my third attempt at retiring.
stonerblue
Well-Known Member
Fuck knows mate. That's why Norfolk coast is favourite at the moment. I will see what brexit does regarding health care for wifeHow are you going to settle in Portugal after December 31st?
stonerblue
Well-Known Member
The government have ducked me over pretty much all my life. I look after myself. Wife's money gets 'invested'Put some of the cash in a SIPP for a couple of years and get a 25% return courtesy of tax relief from the government. It's free money that is being given away so take it.
dickie davies
Well-Known Member
Speak to your IFACheers for that , don’t think I’ve anywhere near 300k I’m only a joiner .My mortgage finishes next August, if I up my £300 a month pension contributions will I incur costs ? Therefore wondering if I should use the extra money to up my Issa
Its your decision but don't forget the government "chips in" (see what did there) a further 20% to your pension contributions
I'm 57 and my target is 300k for when I get to 62, then I'm out of the work place
21/22k tax free with only household bills to pay is a lot of money
We intend to downsize the house and do long lets in Southern Europe whilst we're in good health
stonerblue
Well-Known Member
I can rent a house near the beach in Cromer for 100 quid less than I can get for my terrace in Manchester for a month.Speak to your IFA
Its your decision but don't forget the government "chips in" (see what did there) a further 20% to your pension contributions
I'm 57 and my target is 300k for when I get to 62, then I'm out of the work place
21/22k tax free with only household bills to pay is a lot of money
We intend to downsize the house and do long lets in Southern Europe whilst we're in good health
Tommy_Catons_Perm
Well-Known Member
- Joined
- 22 Dec 2011
- Messages
- 2,528
Duck the government back then and take what they owe you.The government have ducked me over pretty much all my life. I look after myself. Wife's money gets 'invested'
I was thinking, no way is that **** 43yo lolI haven’t been this confused since clevers made an appearance.