Jump to content

Recommended Posts

What's yours worth?, I was flabbergasted when one of my brothers told me what he was drawing, he's 60 and put the graft, and the money in,  but...

Edited by eggsarascal

Share this post


Link to post
Share on other sites
What's yours worth?, I was flabbergasted when one of my brothers told me what he was drawing, he's 60 and put the graft, and the money in,  but...

Flabbergasted good or flabbergasted bad?...... just had my forecast through actually eggs! At the mo, retiring at 66 (not 67) as my pension was set up before regs were rewritten again, if i continue to put in what i am till i retire, then i’m looking at £8k per annum. That figure will rise obviously between now and then. I’ve only been paying in to that one for 8... nearly 9 years.
I’ve got 10yrs worth from my final salary pension to take in to account also, i transferred it nearly two years ago in to a sipp, as it was frozen cos they stopped the final salary not sure on return from that at min as i’m due to renegotiate on it cos my 2yr period is nearly up.

Share this post


Link to post
Share on other sites
19 minutes ago, Ratman said:


Flabbergasted good or flabbergasted bad?...... just had my forecast through actually eggs! At the mo, retiring at 66 (not 67) as my pension was set up before regs were rewritten again, if i continue to put in what i am till i retire, then i’m looking at £8k per annum. That figure will rise obviously between now and then. I’ve only been paying in to that one for 8... nearly 9 years.
I’ve got 10yrs worth from my final salary pension to take in to account also, i transferred it nearly two years ago in to a sipp, as it was frozen cos they stopped the final salary emoji30.png not sure on return from that at min as i’m due to renegotiate on it cos my 2yr period is nearly up.

His pension will keep him over the higher tax threshold.

 

Share this post


Link to post
Share on other sites

Industry rule of thumb is £5K income per year from every £100K in your pension. Best start these things at 20 years if possible as it is a long game drip feed affair!

  • Like 2

Share this post


Link to post
Share on other sites
5 minutes ago, Ratman said:

He needs to “gift” a certain amount, drop him bk under threshold, bound to be a loop hole somewhere.

I'm fairly sure he knows what he's doing, he's a chartered accountant by trade, he's been in the vehicle recovery trade for years, you'd know the company.

  • Like 1

Share this post


Link to post
Share on other sites

I think i remember you mentioning when we had a natter
Off to my pit now mucker, got 4am get up tomoz, going up to our middlesborough depot to sort one out thats been stood from friday 21st dec till today. Wont start so presume flat batts. And a trailer with some brakes stuck on and couple of lights out. Be good

Share this post


Link to post
Share on other sites
7 hours ago, spudulike said:

Industry rule of thumb is £5K income per year from every £100K in your pension. Best start these things at 20 years if possible as it is a long game drip feed affair!

and there is the con.

 

put 100k in the bank and draw on it for 20 years without growth. 

 

Oh the tax law dissuades us from doing this as the parasites in the finance houses couldt rape 5% a year from your pot for 20 years for pressing a button on a computer.

 

I'm not cynical at all.

 

 

  • Like 2

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Featured Adverts

About

Arbtalk.co.uk is a hub for the arboriculture industry in the UK.  
If you're just starting out and you need business, equipment, tech or training support you're in the right place.  If you've done it, made it, got a van load of oily t-shirts and have decided to give something back by sharing your knowledge or wisdom,  then you're welcome too.
If you would like to contribute to making this industry more effective and safe then welcome.
Just like a living tree, it'll always be a work in progress.
Please have a look around, sign up, share and contribute the best you have.

See you inside.

The Arbtalk Team

Follow us

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.