One thing to think about is if you pop off before your wife after you have retired .Could she manage on her state pension after you have gone .I'm 69 soon had 2 private pensions took the main one at 66 when state pension kicked in .Second one also pays out as life insurance tax free if die before 75 is taxed after that .I've set date for second one at 70 now pot suffered from COVID then wars starting just recovering now .I shall take the 25% tax free at 70 leave rest invested for wife .She is on old state pension and would get half annuity monthly payment from 1st pension then have 75% off second pension pot .I never thought about this when retired early but glad didn't cash in pension pots early .Your right about health now better off financially but not got energy needed to do what I want .We had 3 good years doing VWds with an old camper with Vespa on the back used to make it our main holiday have 3 plus weeks .I'm after another camper at the moment but wife not as keen now .She would rather be home working on her garden .😊
Hi andy, we are currently in our campervan having been to Spain Portugal and now France, met a guy who drives hgvs goes away for 3months comes back does some agency work and goes away again i think you know when the time is right for you
One thing to think about is if you pop off before your wife after you have retired .Could she manage on her state pension after you have gone .I'm 69 soon had 2 private pensions took the main one at 66 when state pension kicked in .Second one also pays out as life insurance tax free if die before 75 is taxed after that .I've set date for second one at 70 now pot suffered from COVID then wars starting just recovering now .I shall take the 25% tax free at 70 leave rest invested for wife .She is on old state pension and would get half annuity monthly payment from 1st pension then have 75% off second pension pot .I never thought about this when retired early but glad didn't cash in pension pots early .Your right about health now better off financially but not got energy needed to do what I want .We had 3 good years doing VWds with an old camper with Vespa on the back used to make it our main holiday have 3 plus weeks .I'm after another camper at the moment but wife not as keen now .She would rather be home working on her garden .😊
Good point, and well worth considering. Thanks
Hi andy, we are currently in our campervan having been to Spain Portugal and now France, met a guy who drives hgvs goes away for 3months comes back does some agency work and goes away again i think you know when the time is right for you
Sounds ideal - that might be the option for me - have a great trip!