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

michaels

It is far from ideal that one can not plan long term for retirement because of the fear that the government will change the rules

Sea_Shell

Oh dear.

Our income is derived solely from savings and investments.

Public enemy #1 😉

michaels

Sea_Shell said:

Oh dear.

Our income is derived solely from savings and investments.

Public enemy #1 😉

If you were able to save whilst you were working then you are part of the bourgeoisie - can you please line up in your boiler suits and we will inspect your hands, any that do not have the callouses from working in the factories and fields will be sent for correction.  Fail to comply and I have a bullet with your name on it, comrade.

Bravepants

michaels said:

Sea_Shell said:

Oh dear.

Our income is derived solely from savings and investments.

Public enemy #1 😉

If you were able to save whilst you were working then you are part of the bourgeoisie - can you please line up in your boiler suits and we will inspect your hands, any that do not have the callouses from working in the factories and fields will be sent for correction.  Fail to comply and I have a bullet with your name on it, comrade.

https://www.youtube.com/watch?v=QzDCH_MGQXI

LHW99

With all this autoenrollment stuff, I can't see how there are going to be any "working people left" - they'll all have investments of some kind. Of course there are public servants with those DB policies, obviously no ownership of nasty shares there!

Staffordia

LHW99 said:

With all this autoenrollment stuff, I can't see how there are going to be any "working people left" - they'll all have investments of some kind. Of course there are public servants with those DB policies, obviously no ownership of nasty shares there!

I decided to supplement my DB pension with an S&S ISA, am I still on the right side?

Ibrahim5

Oh dear. I was hoping to be able to be classified as a 'working person' because I get paid for about 10 hours of work per year but having read Keir's comments I don't think I will qualify.

Sea_Shell

Staffordia said:

LHW99 said:

With all this autoenrollment stuff, I can't see how there are going to be any "working people left" - they'll all have investments of some kind. Of course there are public servants with those DB policies, obviously no ownership of nasty shares there!

I decided to supplement my DB pension with an S&S ISA, am I still on the right side?

Back in the day, when we first planned to target an early retirement, pension freedoms weren't a 'thing', so we concentrated on filling our ISAs.    In later years, we switched to increasing pensions, especially mine.   

We are quite well spread between the two now.   With DC pensions at £335k, and ISAs at £263k

crv1963

It is an interesting time! We have a mix of assets, DB and small amount DC (me) and wholly DC (Mrs) with some ISA savings. Mrs has taken her 25% from her biggest DC pot "just in case!". I am hoping that the Budget is not as awful as it is hyped to, but when isn't it hyped?

kempiejon

Sea_Shell said:

Staffordia said:

LHW99 said:

With all this autoenrollment stuff, I can't see how there are going to be any "working people left" - they'll all have investments of some kind. Of course there are public servants with those DB policies, obviously no ownership of nasty shares there!

I decided to supplement my DB pension with an S&S ISA, am I still on the right side?

Back in the day, when we first planned to target an early retirement, pension freedoms weren't a 'thing', so we concentrated on filling our ISAs.    In later years, we switched to increasing pensions, especially mine.   

We are quite well spread between the two now.   With DC pensions at £335k, and ISAs at £263k

Yeah, 30 odd years ago I used ISAs and unsheltered investments for my ER plan. ISAs had an annual limit of £6k and I could fill that, dividends were untaxed for basic rate tax and capital gains had an allowance of £7k so although nice to have ISAs weren't the be all and end all of investing as tax wasn't as all encompassing and had much higher allowances. When the investing environment changed so did my strategy. I wanted to retire before 55 and pensions rules tied that money up, I also didn't fancy forced to buy an annuity. But 10 years ago I saw my unsheltered investments could be liable for taxes, SIPPs had become increasingly attractive and I had unsheltered investments to move out of scope of the tax office.