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Clueless & Naive
Comments
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Yeah I have been looking into that, though hearing what labour may do to the tax free is concerning. But that's a different matter and threadQyburn said:
Do you have any special need for a lump sum once you retire? If not the there's no point taking all the tax free in one go either. You don't lose it if not taken straightaway. You can take it later, or in small chunks, still tax free.ralphy1967 said:
As for my pension, I still haven't decided how I will approach that but I will definitely not withdraw the taxed pot of money in one go.0 -
It's also completely speculative rumour and gossip - not quite the same as actual legislation... Absolutely nothing to date to suggest the tax free lump sum will be abolished.ralphy1967 said:
Yeah I have been looking into that, though hearing what labour may do to the tax free is concerning. But that's a different matter and threadQyburn said:
Do you have any special need for a lump sum once you retire? If not the there's no point taking all the tax free in one go either. You don't lose it if not taken straightaway. You can take it later, or in small chunks, still tax free.ralphy1967 said:
As for my pension, I still haven't decided how I will approach that but I will definitely not withdraw the taxed pot of money in one go.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
...though in the OP's case, there's arguably little real difference if the plan is to take the TFLS and invest it in the ISA, in the same or very similar funds to those it's invested in within the SIPP......fees and charges could go either way depending on which platform/company the SIPP and ISA are with.Qyburn said:
Do you have any special need for a lump sum once you retire? If not the there's no point taking all the tax free in one go either. You don't lose it if not taken straightaway. You can take it later, or in small chunks, still tax free.ralphy1967 said:
As for my pension, I still haven't decided how I will approach that but I will definitely not withdraw the taxed pot of money in one go.
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