new pension rubbish!

[carpenter1]

I think it is about time they started teaching this sort of stuff in schools. Pensions, Mortages, APR, loans, Compound Interest, equity etc

 

I don't think too many people have a clue how it all hangs together and how to make the most of their savings.

 

Yes it should be taught in schools.

But to lats for me, I am willing to listen

I think its best to have a bit in a few different things

[aspenarb]

I spent eighteenth months working for a pensions administration company, and the amount of people who would ring up complaining that their £5,000 per annum pension was "not enough" was quite surprising.

 

IMO current "investment" style pensions (the ones not linked to your salary and service) aren't worth jack. I'll be looking at getting a few buy-to-lets instead.

 

 

Fill your boots with them.

 

Bob

[skyhuck]

Look after yourself and keep working is my advice.

 

Try and have some passive income and get your overheads down

[Johny Walker]

so whats the min input into 1, these new scams,does it apply to directors of ltd co,???

[Mark Bolam]

I'm retiring this year.

I'm getting a Range Rover Vogue on the drip, buying some salmon pink trousers, and will just drive round decent country pubs eating like a Lord, pissing it up on fine wines and goosing attractive young waitresses.

 

That's the plan, anyway.

 

I'll let you know how I get on.

 

 

Sent from my iPhone using Arbtalk

[skyhuck]

I'm retiring this year.

I'm getting a Range Rover Vogue on the drip, buying some salmon pink trousers, and will just drive round decent country pubs eating like a Lord, pissing it up on fine wines and goosing attractive young waitresses.

 

That's the plan, anyway.

 

I'll let you know how I get on.

 

 

Sent from my iPhone using Arbtalk

 

What the limit on your credit card??? just trying to workout how long you've got

[Mark Bolam]

I'm hoping to get a good couple of weeks in mate.

 

 

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[skyhuck]

I'm hoping to get a good couple of weeks in mate.

 

 

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No matter what they do, they can't take away the good times!!!!

 

The memories are yours to keep!!!!!

[ballibeg]

You pay in to you pension before paying tax, you can draw a personal pension from 55 if the pot is large enough and if you want to avoid tax, look at equity ISAs

 

My pension contribution is the only income I don't pay tax on. To put it in an ISA I'd pay income tax and NI on it first.

Edited June 19, 2015 by ballibeg

[spudulike]

My pension contribution is the only income I don't pay tax on. To put it in an ISA I'd pay income tax and NI on it first.

 

And when you take your pension, you will have to pay tax on it but on the ISA, apart from the tax on the dividend payment Gordon Brown implemented, all the final gains and withdrawl are completely tax free....some say an equity ISA is more flexible than a pension!

 

Taking a pension makes sense and putting any spare cash in to a long term equity ISA is a very sensible option.