I’ve applied for my State Pension. £726.28 every 4 weeks (£9450pa) which is more than anticipated.
2021/22 Single Persons Tax free allowance is £12,570...so in the new tax year I could draw down a pro rata amount to maximise my tax free allowance, taking account of State Pension from late July, which reduces to max tax free drawdown of £3100 tax year 22/23, assuming no changes to allowances, less any taxable BS savings interest accruing.
Quite simple sums really
At some point I’ll downsize to a much smaller gaff and release a shed load of capital to fritter away on travelling most of the year. That, at least, is plan A.
Currently no plan B.
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