Hi
I am making a plan for early retirement. At the moment I am only 27 (born Sept 1988), but pension is something you have to plan for early I guess.
I started working in local government in Sept 2015.
I would like to retire at 55 or 56. Can I buy back service to make sure I have the 40 years service at that age? I would have to buy back around 10 years. But I guess it is better to buy them back now as I am on lower salary now and it's % of salary that they charge you right?
Thanks,
Simon
I am making a plan for early retirement. At the moment I am only 27 (born Sept 1988), but pension is something you have to plan for early I guess.
I started working in local government in Sept 2015.
I would like to retire at 55 or 56. Can I buy back service to make sure I have the 40 years service at that age? I would have to buy back around 10 years. But I guess it is better to buy them back now as I am on lower salary now and it's % of salary that they charge you right?
Thanks,
Simon