LivDiv wrote:I know general advice is "leave, dont touch, everything will even out" but it might be worth looking at what funds people have right now and where they are centred. A couple of previously healthy global funds I had just dropped. I ditched both and put the big one in America and the other into Asia. If you have British funds you could wait for a potential BoE rate rise but personally I would move them on.
SpaceGazelle wrote:Hopefully it's all American in here, or at least it should be.
hylian_elf wrote:There’s a difference between actual retirement (in life) and taking ‘retirement’ from a pension pot/scheme.
The minimum ‘retirement age’ in the U.K. is currently 55. That is, you can’t access your pension before that age. Government has been thinking for a while to increase it.
If your pension is a DC pot (like in a SIPP), no penalties for when you take it out as you’re just taking whatever it’s grown to. If it’s a workplace pension based on salary and service (a rare beast), your scheme will have its own ‘normal retirement age’. Usually 65-ish. If you want your pension earlier or later, it will be adjusted for the fact the scheme has to pay you for longer/shorter period (using estimated life expectancies and mortality rates and scheme assumptions etc etc).
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