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Pension income outside of tax/means test

Teeonethousand · 2014-02-17 12:25:34

Hi All - new the forum though been reading for some time and would love your opinions on my concern. I do wonder if i need to plan to have some financial assets that do not count as income that i can use when i retire. I am 58 and am pretty concerned that by the time i get my OAP that it could be further means tested as…

Comments

gadgetmind Posts: 11,130 Forumite

19 February 2014 at 2:34PM

grey_gym_sock wrote: »

there is trade-off between going for maximum tax efficiency and minimizing regulatory risk

Yes, that and exceedingly complex regulations, that often puzzle even accountants and IFAa, and which change again (and again and again) as soon as you've almost got your head around them.

While it's true that not everyone suffers from every one of the knee-jerk ill-considered changes, they do cast a cloud of fear and doubt over private pensions that does affect everyone.

I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
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