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Have you retired or left the workforce early or are you considering it? We’d like to hear about your experience

(54 Posts)
Hetty58 Fri 09-Sept-22 18:37:15

I gradually reduced the hours I worked (term time only anyway) and stopped completely in my mid fifties. Teaching is a younger person's job, really, and I didn't want to get completely worn down by it. I'd seen others get so stressed and ill - and old before their time.

SuzieT Fri 09-Sept-22 18:35:49

Took the opportunity of redundancy at age 54 (and also being paid a very reduced occupational pension).
I was well into the menopause at that point and exhausted trying to cope with a demanding job (with a lot of travel) and the side effects of lack of sleep and brain fog.
After a year, I realised it was too soon to not work at all and volunteered at a children's charity, where I am now chair of the local area.
I hate not 'earning' my monthly pension and constantly worry about money, even though I manage well financially.
I miss working but am now relied on to carry out childcare for my Grandchildren, which I love.

mrsbirdy Fri 09-Sept-22 18:31:09

I have taken flexible retirement twice now instead of giving up work fully. I did not feel ready or able to stop. I currently work two days and another day will be commuting to childcare my granddaughter. It has been a difficult decision with many worries. There is virtually no support only advice on finances which is very important but there is so much more.

JustineBGransnet (GNHQ) Fri 09-Sept-22 17:01:53

Data shows that more people are leaving the workforce before state retirement age and economic inactivity has risen by over 500k - mostly in the over 50s - since the start of the pandemic (ONS). This will be for various reasons, including early retirement and we’d like to hear more about the experiences of those who have left or are considering leaving the workforce.

What are your reasons for leaving or considering leaving the workforce? How are you or would you plan to fund your lifestyle before reaching state pension age? If you’ve left, is there anything that would encourage you to return to work? Do you have any concerns about not working?

If you have experiences to share, please post on the thread below. We’ll be using responses to guide additional research on the topic.

GNHQ EDIT: Thanks to all who have contributed to this thread. If you'd like to take part in our survey on this topic, you can find it here. thanks

Thanks,
GNHQ