Linton wrote: »
Carrying on your train of thought - you might be dead before you live to enjoy your pile of worthless paper (or pile of gold/silver bullion!!) under the bed, why not spend it all now....
and then spend 30 years of retirement on the breadline.
Poshbird wrote: »
Now is the time to buy silver bullion while the price has been pushed so low, it will not be down here for long.
dunstonh wrote: »
Indeed, most of the rule changes over the last decade have seen greater flexbility and options brought in. the Govt does play around with pension legislation too much but it is mostly tweaks rather than whole sale changes. Personal pensions were introduced in 1988 and for the vast majority, the same rules on pre-retirement exist today as they did then.
1. Decreased income by 18% for those in drawdown with only a few months of notice for some, up to a maximum of five years notice.
2. Increased tax on the pension pots of those who die before age 75.
4. Helped the wealthiest few percent of pensioners with the introduction of flexible drawdown, while putting the annuity/work/state income minimum level above the median pensioner income level so most would be shooting themselves in the foot if they used it.
5. Lots of PR about a bogus claim to have removed the requirement to buy an annuity after age 75 that Labour had already removed.
dunstonh wrote: »
Only a minority use draw down and an even smaller minority go to the maximum. With the improvements they brought it (which will see more use drawdown), they had to prevent people from eroding pensions to end up claiming benefits. So, there is logic in that change.
When you pay at supermarket fuel pumps
DON'T assume your landlord covers you
Incl £2ish sun cream & £1.50 disposable BBQs