Looking for some opinions

[LuluJakey1]

My cousin has asked me and DH what we think. We have told her to get financial advice of course but am interested in your opinion as DH and I disagree.

She is a teacher- at a senior level and 56, so could retire. Has never married, no children and always worked full-time.

Has house worth about £350,000 she thinks, mortgage paid off. No debt at all. Savings of £450,000. If she retired now and did not access her pension until 60, it would be £33,000 a year then and she would get a lump sum of £100,000. Her OAP would be an additional £6800 (I think that is what she said) from 67. She has had enough and wants to retire but is worried about having enough to live on.

I think she has more than enough and should not worry and should enjoy her life. Her outgoings are £500 without food and entertainment.

DH thinks she should work for 4 more years to maximise her pension at £40,000 and lump sum at approx 120,000.

We have told her to get financial advice but interested in your thoughts.

No, History by trade but as a Head has not taught for the last few years.
She is a really good Head and the school would miss her. It is a great school and she would be leaving it at the best it has been ever.
She says it is a job for a younger person now with a vision for the future about how to lead all of the awful things the government are doing. She (as are DH and I) is appalled by the things the government has put in place. The whole system is chaotic and not in children's best interests. (Family view as my PIL also SLT, I was Dep Head before I became SAHM and DH is Dep Head).