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What to do with my PCLS that is tax efficient

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Comments

  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
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    cloud_dog wrote: »
    No one understands why you need / want to take the full PCLS??

    The remaining £68k (or whatever it is) may well add to your income tax liabilities.

    Why do you feel you need / must take the PCLS?


    Why would it? Its not income.
  • zagfles
    zagfles Posts: 21,693 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    AnotherJoe wrote: »
    Why would it? Its not income.
    Exactly, like I said above, spread between OP and wife they're unlikely to exceed the dividend and CGT allowances.
  • cloud_dog
    cloud_dog Posts: 6,438 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    AnotherJoe wrote: »
    Why would it? Its not income.
    Well Ok but, firstly there is nothing wrong with my statement. :p

    Secondly, if I extrapolate.... if we assume the £68k is not placed under the mattress or if your name is not DiggerUK, I had understood (possibly wrongly) that that the OP had previously indicated that the £80k would be invested within ISA accounts and that the remaining £68k would be similarly invested outside of the tax wrappers and therefore with it being invested could add to their taxable liabilities.
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • zagfles
    zagfles Posts: 21,693 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    cloud_dog wrote: »
    Well Ok but, firstly there is nothing wrong with my statement. :p

    Secondly, if I extrapolate.... if we assume the £68k is not placed under the mattress or if your name is not DiggerUK, I had understood (possibly wrongly) that that the OP had previously indicated that the £80k would be invested within ISA accounts and that the remaining £68k would be similarly invested outside of the tax wrappers and therefore with it being invested could add to their taxable liabilities.
    Have you read the thread? It's been discussed!
  • cloud_dog
    cloud_dog Posts: 6,438 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    zagfles wrote: »
    Have you read the thread? It's been discussed!
    Ummm, I missed the bit in post 9 at the bottom... Ooops. Going to be now. :o
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
This discussion has been closed.
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