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about to hit 55 - some choices to make

markyp64 · 2018-11-22 04:26:13

Hi there – I am 54 and am toying with some ideas about managing my finances – particularly my pension - going forward. I wondered if anyone could spot any fatal flaws in the following approach (or, if so, suggest any other strategies someone about 55 might consider to make the most of current pension freedoms/tax…

Comments

kidmugsy Posts: 12,709 Forumite

22 November 2018 at 7:47PM

Albermarle wrote: »

40% tax relief is basically the opposite of income redistribution .

not so. it is neutral: everyone gets to pay a bit of their gross earnings into a pension. except for low or zero earners who may get to pay in a bit more, and get tax relief for tax they never paid in the first place.

Free the dunston one next time too.
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