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AnotherJoe wrote: »Yet another amateur landlord who hasn't done the sums but thinks letting out property is the road to riches.
Road to riches?.....Nahhhhh!!
But keeping my flat when I purchased a house with my other half was the best thing I ever did. A reasonable earner now (even as a 40% tax payer) and a tidy addition to my retirement income when the time comes sometime in the next 5-10 years.
No, it's not the holy grail of money making but it's a useful investment alongside a pension.0 -
So many assumptions made for no reason. Hope you enjoy getting off on joining threads, adding no value and talking general crap.
If you knew what you were talking about maybe you would make some money in property. You probably cant afford any kind of deposit though but oh well.
Anyway thanks everyone - except you Joe.0 -
Anotherjoe is correct.
Cashing in a pension, paying large amounts of tax to then put it into a taxable asset that generally returns lower returns than equities unless you use gearing is not normally a good idea.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
catowner123 wrote: »So many assumptions made for no reason. Hope you enjoy getting off on joining threads, adding no value and talking general crap.
If you knew what you were talking about maybe you would make some money in property. You probably cant afford any kind of deposit though but oh well.
Anyway thanks everyone - except you Joe.
In the absence of you offering any kind of answers to valid questions, or useful information, we will all have to draw our own conclusions....The questions that get the best answers are the questions that give most detail....0
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