Wednesday, August 3, 2011

I am wondering anyone could help me this about my state pension ( in the UK)?

As previously stated; you cannot receive your Pension early. Cannot advise on voluntary redundancy; you do not say how much you would receive, and nothing is known about your financial situation in general. Probably your redundancy pay out would soon disappear in living expenses, if you do not get another job. Living on the State Pension on it's own will mean tight expenditure. Having a few thousand of savings/investments means that you do not qualify for income support etc, so not much incentive there, unless you can amass a decent nest egg. Cannot imagine this situation improving in the next 8 years.

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