What age are you planning to retire?

A pension is not a 'perk' at work, it's been mandatory since 2012. If you have been in employment, you should have 13 years' of contributions.

I'm expecting to go until 67 and I'm 57 now. I really should look into what I actually will get from my 30 years in LGPS scheme and then I'll also have 10 years in my new job. Sounds grand but I've always been a low earner. I'm trying to travel now while I'm earning so I can enjoy my hobbies in retirement. I'm twice divorced and with hindsight wish I'd paid more attention to my financial settlements.

I’d like to go part time at 55yo and can probably afford to do so. Drop to 3 days a week. Saying that dh is 14 years older than me so he won’t be working then so maybe I’ll have to keep working full time! Honestly when i think about retirement I realise that my age gap relationship wasn’t the best idea from that pov!

But I have health issues so will have to prioritise my health at some point.

We are planning for DH to retire at the end of next year (he will be 62) and for me to retire at the start of 2030 when I will be 63. DH has a very physical NMW job. My job is sedentary but well paying.

I have 16 years in a final salary pension which will start at 65. I also have many years of paying into company pensions. My aim is that we will have a pension pot of around £350k when I retire.

We will use the 25% tax free lump sum to bridge the gap between retiring and pensions starting.

We dont have travel plans for when we retire. We have hobbies which we are looking forward to devoting more time to.

Well 55 was the plan but don’t have enough savings and pension so looks like 60 is my new goal

Never. Mid fifties - I got divorced last year, had to take out a pension until I'm 73. Private sector, so no work based pension. I covered all the child care, leaving exh to pay into his pension. Although part was transferred to me, it won't be enough to retire on.

Now supporting two older teens through university, no financial support exh, so no chance of saving any more.

60, with any luck. I've got some inherited money that I can live off for about 4 years, after that it's pension. I won't be rolling in it, but should be able to manage OK.

I’m 40 but the plan is to drop to a 4 day week at 50 and then retire at 55. Obviously who knows what will happen by then!
Lots of travel plans, will hopefully have some grandchildren by then, have made some shrewd investments, we save well now and I have a very good pension and all being well we will be in a good enough financial position.
I don’t think dh ever plans on retiring 😂 he runs his own business and think he always sees himself as being involved in it somehow.

Never. I’ll work in some fashion till I’m totally unable to if I get my way. I like what I do and I get terribly bored with nothing to do for days on end. I’d also be broke.

yep there are already more over 65s then u15s so financially we are in for some tough choices.

The solution is immigration,

This isn't popular though...

We're both 55. Unlikely to be able to retire, hoping for good health to keep going.

Probably be working up to the morning of my funeral if the government carry on the way their going

Yes there’s no state pension fund. Tax income each year pays for state pensions. The problem is we are not having enough babies to pay tax for our own state pensions when we get to that time. The solution is immigration, so we’ve enough workers to pay for state pensions, or reduce state pensions, or take state pensions later - take your pick.

Two relatives of mine have recently been told they have cancer and have months left to live. It’s made me realise how fragile life is, so I’ll be going as soon as I can.

when i started paying in the end goal was 60
i will be 60 this year and they have added on 7 years!
i could take some pension but it wont be enough and i would have to reduce my hours and thus pay less into the next pension, or leave the nhs totally!
i feel ok working at the moment.
ask me again in the winter

And that's just the pension. No idea what the NHS or social care will look like or cost.

I don’t see how it’s legal to stop paying state pension or means test it. It’s a contributory scheme that you pay into alongside your employer. It’s not free. You’ve paid into it for 30+ years every month as has your employer.

It's paid forward & no pot is saved for you. Demographically speaking it's not sustainable unless the age is 70 something. Bit of a joke when you think healthy life expectancy hasn't changed.

I'll be retiring in 2 years at age 52. I've never had a work pension, but I saved every spare penny into a SIPP (self invested personal pension), a S&S ISA and a cash ISA. I can't draw from my SIPP until age 57, so the two ISAs will fund my income for the 5 years until I can take my pension.

I just always knew I hated working and was focused from my 30s on early retirement. I never had a high income - I just went without takeaways, nice clothes etc and saved small amounts here and there.

I’m 38 working a high paid high stress job. I have significant heath issues and I love my job so it’s a case of going as long as I can but in reality if I made it to 45 I’ve done well, then I’ll have to switch to a part time job.

DH wants to retire by 60. Very much influenced by a recent death of a much loved family member in their early 60s from cancer- they never got to retire. Financially we should be ok to do this. One DC who will be an adult by the time I reach my mid 40s.

I’m 38 and hoping to retire around 60, or at least to be doing a fairly stress-free, part-time job at that point.

I’ve always been sensible with pension contributions but my employer pensions are tied to state pension age so I’m changing my approach now and focusing more on savings which I’ll be able to access earlier without a huge penalty. I’m worried the state pension age might be 70+ by the time I get there.

I don’t see how it’s legal to stop paying state pension or means test it. It’s a contributory scheme that you pay into alongside your employer. It’s not free. You’ve paid into it for 30+ years every month as has your employer.

I didn’t live in the uk for a big chunk so my state pension contributions are behind.

As soon as I’ve paid up fully for a state pension, I’ll look to retire at 62. I’m saving as much as I can now to support retirement.

I’ve got 2 jobs. I might keep them, I might not, or I might do a bit. Either way I’m not working till I drop.

My mum planned her life around “when I retire” at 60, and died 3 months after that birthday so never got to do any of it.

This government give no shits about us, or older people, so I’ll give no shits back about what they want me to do.

I’m going to retire at 55, but no idea what I’ll do with my time. Kids will probably have left. I’m on my own and while I’m independent, travelling solo is very lonely.

cannot imagine how i could retire earlier than 67
i dont have a private pension

I think it's naive to assume it's going to be available for the majority - auto enrollment was brought in for a reason.

Many auto-enrolment schemes have very low employer contributions though so are people really saving enough for their retirement? Plus far more will still be renting vs today retirees because of high housing costs.