What to do with my PCLS that is tax efficient

AnotherJoe

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

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

AnotherJoe wrote: »

Why would it? Its not income.

Well Ok but, firstly there is nothing wrong with my statement.

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.

zagfles

cloud_dog wrote: »

Well Ok but, firstly there is nothing wrong with my statement.

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

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.