Why you should NOT start your pension on the very first day you can…unless your birthday matches that day…
Pick the (right) day
How old?
When can I get my hands on the pension?
In this video I look at the confusion surrounding the changes to the state pension age and the minimum ages that you can access your teachers’ pension
Public Service Pensions and Judicial Offices Bill
https://bills.parliament.uk/bills/3032
The start of the legislation needed to implement the remedy to the age discrimination caused by the transition from Final Salary to Career Average pension schemes.
Over 60 Work less, get paid more!
If you are over 60 and haven’t already started taking your pension you would suffer from abatement if you took it all. However, taking phased retirement benefits does not lead to abatement.
You could work a day less and get paid more than you are now.
State Pension – Low Blow
Contracted Out
Up until 2016 Teachers were ‘contracted out’ of the additional state pension and so many do NOT qualify for the full NEW state pension…I explain.
You want MORE!!!
You want more?…
There are three ways to put more into your pension and to get more out of it. This presentation looks at the relative costs of Faster Accrual compared to Additional Pension.
The Career Average Pension
Is “Average” a dirty word, and is the Career Average Pension worth it?
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
