Not convinced you should take the pension at 55?
There are other options that will allow you to delay opening your teacher’s pension pot.
Snakes Alive
Poor Pensioners
Pensions are a fraction of your salary. (80th, 60th, 57th etc) so does taking a pension mean having to watch every penny…it’s not as big a cut as you may think.
youTube: Poor Pensioners – Just how big a drop in income is it?
Lose 20% – fact or fiction?
One of the biggest myths, or misunderstandings, is that taking the pension ‘early’, as early as 55, LOSES 20% of your pension.
There is some truth to this figure but it is NOT as significant as it first sounds…I explain more here
