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Taking TFLS "because you can..."

Ciprico · 2019-09-02 11:39:12

Edit - Apologies - this should be in Pensions, not investments...) What are people's opinions of taking TFLS well before retirement....? I'm over 55, in full time work, and anticipate being so for the foreseeable future... I have never had a "proper" company pension, but along the way have regularly saved in several…

Comments

[Deleted User] Posts: 0 Newbie

3 September 2019 at 10:02AM

Depend on circumstances
If you are retiring to Spain, take it as it will classed as taxable income then stick in a ISA wrapper the year before you go, so it’s still tax free so you pay less savings tax on the dividends (which is what I am going to do)
If you have a partner do they have a pension, if not then you can gift them £2,880 pa if they aren’t working or more if they are into their SIPP and get tax relief.

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