Just turned 53, and 32 yrs of pension contributions in the electricity supply industry.
My employer is restructuring and thousands of jobs are about to go in our business.
I have put my hand up to go (very early in the process, six months or so ago as was worried that they would declare that I am “mapped” and in) and have said they need to back-fill my role and keep someone in the organisation who would be more anxious about being made redundant in to the current covid job market.
Appreciate I’m lucky to have the option…can’t imagine them keeping me. It makes zero sense to me to keep working (as well as redundancy lump, my pension kicks-in in full, ie a lump sum and annual allowance). So much more free time beckons.
Only advice I can offer is start pension contributions as early as you possibly can. I am so so grateful to the lady in HR who ‘bullied’ me in to a pension contribution when I was 21, couldn’t really afford them at the time but jeez to have time with my missus and the kids is a priceless option. Just within touching distance, not, quite there yet.