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Pension has finally landed - As an insistent client acting against advice -*DOORS CLOSED 03/09/2021*
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out of interest if Bob won the lottery and the prize was £100k (25% tax free) or £2.5k (all taxed) per year index linked which would people go for? say you are 60 year old.8kw system spread over 6 roofs , surrounded by trees and in a valley.0
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I would go for an index-linked £2.5k per year actually.
That is partly why I only gamble on Set For Life rather than Lotto... 
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And this is a lottery, not your pension. One is winnings either way, your pension is about giving up something for something else.0
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or can't trust yourself with a large sum of money 8kw system spread over 6 roofs , surrounded by trees and in a valley.0
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Your words. Considering the "9 essential steps" guide pasted earlier, chances of being able to set up a SSAS in the window between a negative recommendation and a CETV deadline appear dicey to the client prepared in advance to scale the route and completely unfeasible to the average client.Malthusian said:
That sounds like a faff0 -
The second option. I have other funds to deal with the first part. Seems much like an annuity option to me.arty688 said:out of interest if Bob won the lottery and the prize was £100k (25% tax free) or £2.5k (all taxed) per year index linked which would people go for? say you are 60 year old.0 -
arty688 said:out of interest if Bob won the lottery and the prize was £100k (25% tax free) or £2.5k (all taxed) per year index linked which would people go for? say you are 60 year old.The £100k is really only worth £69k to me due to tax (£25k tax free plus £75k at my marginal rate).I'll take an index-linked £2500 pa please (worth £2k pa at my marginal rate).N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.Not exactly back from my break, but dipping in and out of the forum.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!0 -
Sorry forgot to add the £75k is only taxed when you withdraw. So you could take £2.5k a year index link it earn say 1% on the remainder after of course you’re gone through the several years of the tax free bit.
me personally for starters would spend £15k on solar saving me about £1k per year link to electricity prices. The rest I would invest.8kw system spread over 6 roofs , surrounded by trees and in a valley.0 -
Do you really think this is comparable to your pension transfer?0
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Why not, does Bobs other financial arrangements effect his lottery win decision. Sorted my GMP and no lump some. So what’s so complicated?8kw system spread over 6 roofs , surrounded by trees and in a valley.0
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