The word pension has so many negative associations that I don’t think it will ever recover. Similarly, retirement is not about getting old and eating meals from a tray in front of the TV. The word retirement, similar to pensions, is on its way to oblivion.

So the search is on for a new term to describe that thing that happens when you don’t want to work anymore.

I often ask clients to think about what they would most like to do in life. What are their long held ambitions? What would they do if they were guaranteed an endless amount of money? Where would they go? How would they feel? What would they see? Then, finally, what would they do each day, day-in-day-out?

Having fun without a care in the world sounds a bit like a gap year. It’s the stuff 18-21 year olds are smart enough to know about way ahead of their years in a way. But what if you could stay on your gap year permanently? What if your kids were all grown up, your mortgage paid off, no career to settle down to when reality hits at the end of your gap year? What if your gap year will never end?

Excited? Great, now you can start to plan for it so that it actually happens, sooner rather than later.

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Blog by Jaskarn Pawar

Jaskarn Pawar is an experienced and award winning Chartered and Certified Financial Planner. He advises people all over the UK on financial planning and wealth management issues to help them reach solutions to fit their personal needs. You can contact Jaskarn on 01604 211234 or by e-mail on