Meighan tell Britain's News of the World, "It will be good to bow out at V. After tonight we are taking some time off... we are going to have a proper tear-up. V is such a major festival so it's emotional for us.
"The gigs are great but we've worked so hard. It's the travelling that gets you. You have to look after yourself. We have been to so many countries, you forget where you are. It wears you down."
And Meighan reveals he will be working on independent music projects while his fellow members take a break to stay at home with their families - because he's not ready to become a parent like the band's guitarists Serge Pizzorno and Chris Edwards.
He adds, "We are a super-tight rock band and we will be back in the studio before long. I will do something musically in between. And I'm thinking of doing a TV documentary - I am just going to see what comes up.
"Serge is doing great and our bass player Chris Edwards had a baby as well. I'm the only one left without anyone but I'm not ready to be a dad. We have got the break after today mainly so the guys can see their families."