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AIBU?

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Aibu to take my work pension early? What age/point did you decide that's enough for me?

132 replies

Realworld10 · 21/09/2026 20:56

Well firstly, like many of us, realising you've got to an age when you actually are near to retirement and taking it all in. Seems like yesterday I was the young, vibrant teacher who gave everything to my job above and beyond because I cared and I could. The bonds, love, after school clubs and revision sessions, holiday classes, trips away, fundraising evenings and weekends, I was there. Even with my own DC I worked extra hours but reduced the amount of time I was able to put in.

Suddenly, I'm at an age (56) where I can take my pension early and I've done it! Having calculated, I would have to live to about 86 to make the difference of higher amount 60 plus.

I still work as supply but find the suffocating environments of academies unbearable... assigned 5 different classrooms, login, behaviour for 'hey we have a sub' though I do take control of this attitude but it's repetitive and tiring, dealing with behaviour. You've got to get to know your students and unfortunately we can't do this, but I have had some meaningful encounters where I would love to help them more.

I have another job as well, online tutor, which doesn't have these stresses but the sessions are only a couple of hours here and there and I put in a lot of hours for individual learning.

I'm not 'retirement' age but taking my pension early and still working. I get £867, enough to pay my part of bills while DH works FT WFH. With my earnings to top up all is fine financially as I did also get a payout which has been used for us all as a family.

The thing is, a neighbour at age 55 said Im retired now, she's so young and vibrant so I asked what she will be doing and she said nothing. Good for her, her DH has also retired, have a lovely big house all paid off.

So part of me is thinking why can't be the same as this couple? Well, because we've taken on a bigger mortgage and house move (which I didn't want)

Anyway, this is a situation I feel privileged for. Even though I've worked since age 16 and was fortunate to go to university when loans were zero procent, have worked for 30 years plus as a teacher, part of me feels guilty for retiring so early! Yes I'm still working but not in the role I was, suppose the stepping down and back from a career feels strange 🤔

OP posts:
ArcticBells · 24/09/2026 11:46

TunnocksOrDeath · 24/09/2026 07:40

Surely that depends entirely on the income you’re used to before you retire, and what your circumstances are.
My parents live in a large house which has been their home for over 40 years, they’d be heartbroken to leave it but the maintenance and utilities are huge. What they consider adequate might be very different from my great aunt who lived in a small heavily-subsidised council property.

Yes I do appreciate that. It’s because I’ve only had a work pension since it became compulsory for employers to contribute that I have no idea how much long term work pensions pay.

Thankfully I’ve been paying into a private pension since my 30s but it won’t be overly generous!

Iiirt · 24/09/2026 12:03

Onefairfish · 22/09/2026 06:57

I retired at 60, though I do some consultancy, which is the technical side of my work without the management hassle. My pensions were enough. I cannot understand how people find they have nothing to do after retirement, much less how someone could be ‘waiting to die’. There is travel, learning new things, volunteering, so many opportunities provided you are healthy and have enough money to live on without stress. So if that’s you, go for it.

For many people there is also helping with the grandchildren.

I get up at 6.30am to go to my son’s house to get my granddaughter ready and then take her to school. I do pick up too. This saves them a lot of money and is better for her in my opinion too. That’s an unpaid 20 hour a week job and more in the holidays!

TunnocksOrDeath · 24/09/2026 12:54

ArcticBells · 24/09/2026 11:46

Yes I do appreciate that. It’s because I’ve only had a work pension since it became compulsory for employers to contribute that I have no idea how much long term work pensions pay.

Thankfully I’ve been paying into a private pension since my 30s but it won’t be overly generous!

Aah sorry. In that case you can call the provider (your employer should have given you paperwork with the details) and ask them for the estimated annuity at your assumed retirement date based on the current pot and also if you continue to pay in at your current rate. Some employers are really generous and some do the statutory minimum.

LifeOnEnceladus · 24/09/2026 17:20

ArcticBells · 22/09/2026 07:46

What do people term as a decent work pension for day to day basic living?

This is a good guide. It’s based on academic research on the cost of living and uprated annually for inflation:

https://www.retirementlivingstandards.org.uk/

Home - Retirement Living Standards

Home - The Retirement Living Standards have been developed to help us to picture what kind of lifestyle we could have in retirement.

https://www.retirementlivingstandards.org.uk/

withoutwingsnow · 24/09/2026 18:10

Iiirt · 24/09/2026 12:03

For many people there is also helping with the grandchildren.

I get up at 6.30am to go to my son’s house to get my granddaughter ready and then take her to school. I do pick up too. This saves them a lot of money and is better for her in my opinion too. That’s an unpaid 20 hour a week job and more in the holidays!

That is an unpaid job!

MyPantsAreFartCentral · 25/09/2026 08:55

I retired in 2021 aged 55 after 32 years as a primary school teacher. I'd always intended to go at 60 and then decided I could maybe last until 57. In the end, a combination of Covid, demanding parents and a bloody awful new Head meant I went at 55 instead. I obviously had to take a reduction in my pension for taking it early but manage just fine. I have plenty of savings which I haven't needed to touch. Various people have asked if I'd do supply and my response was " Hell, no!" Retirement is wonderful. I don't have the funds to jet off around the world but have been to France this year and have had a cou9le of UK breaks. My DH has reduced his hours to part time as he saw how much happier I became.

Thisisnottheone · 25/09/2026 16:25

I think all this time on this thread has seen my cookies target me!

Ive just found the pensions dashboard on the Moneyhelper website. It pulls all your pensions together and shows you what you could get each month on retirement.

I can’t find it yet but I’m assuming it’s the monthly output with no lump sum taken from any at the start.

It’s very handy! I am missing two funds but they are showing as pending to be updated.

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