Sunday, November 05, 2017

Looking Forward

In around four months time I will be, at last, in receipt of my State Pension. I'm rather looking forward to it. It's not a fortune but it will bring me a bit more financial independence. I won't be getting the full amount as there are some gaps in my National Insurance record. But not to worry, for if I buy credits amounting to around £1,800 I can increase my pension by £1.13 per week. which means that by the time I reach my 95th birthday I'll have broken even on the investment. Yay!!

Not going to do that.

While I was doing these calculations I also worked out how much I lost out on because the government raised the pension age. Almost all my life I expected to retire at 60. If everything had stayed as it was I'd have pocketed around £35,000 by now. But don't get me wrong, I'm not complaining as I'd probably have spent it foolishly anyway.

1 comment:

Mage said...

I try. LOL