Back to basics: Pensions

Having made it to the end of another week of teaching from the kitchen table I was looking forward to putting away my tax books and starting the weekend with our family ‘Zoom’ call that has lately become a Friday night tradition. Little did I know I was in for a taxing evening.

Uncle Albert set the tone for our conversation as he announced that he had decided it was time to hang up his boots and retire. ‘I’ve decided that this home working is not for me’ he said. ‘Fortunately I followed my dad’s advice for once when I was still young and started saving towards my pension. So although I don’t get my state pension for a few more years I think I can afford to retire a little early. However I am still trying to get my head around the options I have for...