Unexpected Legacy Problem

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  • masonic
    masonic Posts: 23,003
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    Sam_J12 wrote: »
    I don't think this is quite correct. £2880 per year is the maximum the OP can get tax relief on, but there is no limit to the amount that s/he can contribute to a stakeholder pension. If it means s/he retains more means tested benefit then it is worth considering.
    Yes, of course, my bad :o
  • atush
    atush Posts: 18,713
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    Quote:
    Originally Posted by mad_rich View Post
    You will be no better off as a result of it, which is not very appealing.

    AS pointed out in ost 19, you will be better off to some extent, esp if you had no savings prior to this. And could open a pension of 2880/3600 per year in the meantime.

    You could also legitimately spend some of this money in replacing broken items int he home, and making any repairs/adaptations needed for your disability.

    All this would make your life better, and if benefits are a bit reduced for a time, that should not be a problem for you.
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