| Pensions Advice 10:37 - Oct 3 with 3329 views | PlanetHonneywood |
When in doubt, go to Loftipedia!!
I've two UK work pensions that automatically trigger when I soon reach 60.
Now I can't seek advice and if any of you are an advisor then you'll know you can't advise me, as I am in the EU.
However, if anyone can let me know what are the perceived merits, or not, of taking the 25% tax free bit? They're both small pots and more cheery on top than key contributors to my future funding.
Cheers to whomever clarifies what YouTube has left me somewhat confused about. |  |
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| Pensions Advice on 14:23 - Oct 11 with 575 views | DavieQPR |
I took the 25% because my pensions I receive now are taxed. Put in no risk accounts like ISA |  | | |
| Pensions Advice on 15:50 - Oct 11 with 406 views | kensalriser |
| Pensions Advice on 14:17 - Oct 11 by stevec |
Between 1999 and 2002, chancellor Gordon Brown sold 395 tonnes of our nation’s gold for £2.6bn. This would today be worth £38bn.
And the media often turn to this bellend for advice on the economy. |
Bellends keep on going on about this as if it's some kind of gotcha when it's completely irrelevant today.
And if you're going to quote one side of the equation, what about the other? The proceeds went into other assets.
https://www.bbc.co.uk/news/business-48177767 |  |
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| Pensions Advice on 19:39 - Oct 11 with 219 views | NorrisGreen |
Would you rather have £1000 in your hand now or £5 a month in your hand, index linked, for rest of your life?
This is broadly the question you need to ask yourself, it's quite straightforward to answer I reckon (I'm assuming that you will more or less spend the grand and not be re-investing it as there are tax rules about investing "tax free" money and then receiving additional tax-free money via say a ISA interest or additional pension contributions
Ir you were still struggling to choose I'd just ask if you were confident of living well beyond age 76 and how you intend to fund your daily living costs when you were 80. If you can provide a sensible response to those questions I'd regard you as being perfectly positioned to make your choice. |  | | |
| Pensions Advice on 22:00 - Oct 11 with 113 views | stowmarketrange |
| Pensions Advice on 15:50 - Oct 11 by kensalriser |
Bellends keep on going on about this as if it's some kind of gotcha when it's completely irrelevant today.
And if you're going to quote one side of the equation, what about the other? The proceeds went into other assets.
https://www.bbc.co.uk/news/business-48177767 |
How much did Thatcher waste selling off all our national assets cheaply? |  | | |
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