I have a birthday of 31st December and looking at retiring at 58, D Stamp employee.
My payroll is weekly so the payroll period will cross the new year of the year I plan at retiring.
If I retire before the 31 December my pension will be acturially reduces WRT my age of 57.
If I retire after 31st December I will not have two full years to convert from D to A stamp.
Under the current scheme I have had some A stamps from pre the public sector employment so 58 should give me the opportunity to get a contributary state pension at some stage.
If the retirement date is on your birthday is this the age thats considered for pension purposes, It talks about age previous birthday in some of the documentation.
Also can I prevent D stamps been applied to the following year as the pay period crosses over the year.
Are there any pitfalls to this approach.
My payroll is weekly so the payroll period will cross the new year of the year I plan at retiring.
If I retire before the 31 December my pension will be acturially reduces WRT my age of 57.
If I retire after 31st December I will not have two full years to convert from D to A stamp.
Under the current scheme I have had some A stamps from pre the public sector employment so 58 should give me the opportunity to get a contributary state pension at some stage.
If the retirement date is on your birthday is this the age thats considered for pension purposes, It talks about age previous birthday in some of the documentation.
Also can I prevent D stamps been applied to the following year as the pay period crosses over the year.
Are there any pitfalls to this approach.