It's time to start digging up those Squirrelled Nuts!!!!

michaels

Sea_Shell said:

Oh and I got my maths a bit wrong there...they'd be divvying up the thick end of £850,000, not £200,000.

They'd still obviously inherit everything less IHT, not just the bit over the NRB.

So for them, surely 60% of something is better than 100% of nothing, even if the taxman does get his pound of flesh!

Would it make sense form an inheritance tax point of view to spend down the sipp before the pension pot - but then depending where you ae with state pension you also wat to use up your tax free allowance....

Sea_Shell

michaels said:

Sea_Shell said:

Oh and I got my maths a bit wrong there...they'd be divvying up the thick end of £850,000, not £200,000.

They'd still obviously inherit everything less IHT, not just the bit over the NRB.

So for them, surely 60% of something is better than 100% of nothing, even if the taxman does get his pound of flesh!

Would it make sense form an inheritance tax point of view to spend down the sipp before the pension pot - but then depending where you ae with state pension you also wat to use up your tax free allowance....

It's all a balancing act.

DC pensions v ISA v Personal Allowance v IHT v DB pension v State pension v flexibility.

Tax now, tax later, no tax, some tax?

drumtochty

Sea_Shell said:
Well we really broke the bank on holiday, with a total spend of £55.   

Fish & Chips - £15
Coffee and cake - £9.80
Parking - £7.50
Fridge Magnet - £2
Sandwiches and other ready meals - £21

£7.50 0n parking that is just over the top!!!!!!!!!!!!!!!!!!!!!!

bluenose1

drumtochty said:

£7.50 0n parking that is just over the top!!!!!!!!!!!!!!!!!!!!!!

It’s £10 per day to park on our local beach, not good if you only want to go for an hours walk.  See lots of cars drive up then do a swift U turn..... 
Though residents can get a season pass for £30. 

fred246

I normally drive and my wife gives the directions. She normally finds free parking. Sometimes it takes a couple of hours to find and we have to walk a few miles but it's always free. Is this part of the money SPENDING plan Sea Shell?

westv

fred246 said:

I normally drive and my wife gives the directions. She normally finds free parking. Sometimes it takes a couple of hours to find and we have to walk a few miles but it's always free. Is this part of the money SPENDING plan Sea Shell?

I'd rather pay a few pounds then end up walking half way back to where I was coming from!

Sea_Shell

I know what you mean about parking, when it's a flat day charge and you only want and hour or so, it can be very frustrating.

It wasn't too bad to be fair, and we do like to be able to park pretty centrally, unless we've used a park and ride of course.   Then you need to make sure you've taken everything with you as you can't just "pop back to the car"!

coyrls

fred246 said:

I normally drive and my wife gives the directions. She normally finds free parking. Sometimes it takes a couple of hours to find and we have to walk a few miles but it's always free. Is this part of the money SPENDING plan Sea Shell?

A couple of hours to find and you have to walk a few miles!  I hope you start early in the morning, otherwise you're not going to have much time to do anything when you finally arrive at your destination.

atush

Sea_Shell said:

Sea_Shell said:

Well we really broke the bank on holiday, with a total spend of £55.   

Fish & Chips - £15
Coffee and cake - £9.80
Parking - £7.50
Fridge Magnet - £2
Sandwiches and other ready meals - £21

The weather wasn't quite warm enough for us to sit and eat out (other than our F&C out the wrapper on the sea front), so we'd taken a couple of meals worth of "eat in" with us.   Didn't use the emergency Pasta and Sauce though...we went to a Waitrose and raided the yummy isle instead!!    We did take some other snacks with us from home.

To be fair, it wasn't really going to be a "doing" holiday this time, more of a chill out, change of scenery, fresh air and walking trip.    I'd rather wait until masks are no longer a thing, before going "in" places.


In other news, the month end figures continue at a pace...

DC Pensions - £359,330
S&S ISAs - £189,483
Locked Cash - £59,668
Ready Cash - £7,475


12 month to date spends - £12,424

I have news for you, it is going to be a while before we dont have to wear masks inside.  Well if you want to be safe and to keep others safe.  if like me, you have one does of the AZ, you arent really covered, and even with 2 doses, you'll have a 25% chance of being infected.Preview

My island has no covid spreading at the moment, but i still wore a mask at tesco friday.  The OH didnt, but he's a bit stubborn.  But i used to wipe down airline seats and grocery trolleys before the pandemic.  i'm an epidemiologist.

Sea_Shell

atush said:

Sea_Shell said:

Sea_Shell said:

Well we really broke the bank on holiday, with a total spend of £55.   

Fish & Chips - £15
Coffee and cake - £9.80
Parking - £7.50
Fridge Magnet - £2
Sandwiches and other ready meals - £21

The weather wasn't quite warm enough for us to sit and eat out (other than our F&C out the wrapper on the sea front), so we'd taken a couple of meals worth of "eat in" with us.   Didn't use the emergency Pasta and Sauce though...we went to a Waitrose and raided the yummy isle instead!!    We did take some other snacks with us from home.

To be fair, it wasn't really going to be a "doing" holiday this time, more of a chill out, change of scenery, fresh air and walking trip.    I'd rather wait until masks are no longer a thing, before going "in" places.


In other news, the month end figures continue at a pace...

DC Pensions - £359,330
S&S ISAs - £189,483
Locked Cash - £59,668
Ready Cash - £7,475


12 month to date spends - £12,424

I have news for you, it is going to be a while before we dont have to wear masks inside.  Well if you want to be safe and to keep others safe.  if like me, you have one does of the AZ, you arent really covered, and even with 2 doses, you'll have a 25% chance of being infected.Preview

My island has no covid spreading at the moment, but i still wore a mask at tesco friday.  The OH didnt, but he's a bit stubborn.  But i used to wipe down airline seats and grocery trolleys before the pandemic.  i'm an epidemiologist.

Well they won't get our passing trade then.


Anyway, I don't want to turn this into a Covid rant thread, so let's just park that now.  Thanks.