We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Apparently IHT on may not be too bad?
Options
Comments
-
SouthCoastBoy said:Somebody said:I think the article says that £59k is not too out of reach when taking into account 2 lots of state pension totalling c£23k.
Personally I think 59k is way too much, we need 30k after tax,so basically half that suggestion, not sure how I would spend 59k after tax.I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
SouthCoastBoy said:Somebody said:I think the article says that £59k is not too out of reach when taking into account 2 lots of state pension totalling c£23k.
Personally I think 59k is way too much, we need 30k after tax,so basically half that suggestion, not sure how I would spend 59k after tax.
For them living on £59K a YEAR would only be for the great unwashed.0 -
RogerPensionGuy said:Reference that 59K net figure, just put that on a younger couple with say no children and paying 2K PM or 24K PA mortgage.
That looks like 83K net is required.
Fagg packet is showing me household gross income of 120K PA.
A very strange article in many ways.
Normally their articles are heavily twisted in the other direction.0 -
Albermarle said:SouthCoastBoy said:Somebody said:I think the article says that £59k is not too out of reach when taking into account 2 lots of state pension totalling c£23k.
Personally I think 59k is way too much, we need 30k after tax,so basically half that suggestion, not sure how I would spend 59k after tax.
For them living on £59K a YEAR would only be for the great unwashed.It's just my opinion and not advice.1 -
Albermarle said:SouthCoastBoy said:Somebody said:I think the article says that £59k is not too out of reach when taking into account 2 lots of state pension totalling c£23k.
Personally I think 59k is way too much, we need 30k after tax,so basically half that suggestion, not sure how I would spend 59k after tax.
For them living on £59K a YEAR would only be for the great unwashed.
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 -
Universidad said:
Out of 7 pensioner couples I am familiar with I can think of only one couple whose assets would get to that level and the main factor there is a large house 2 miles outside the M25 in Hertfordshire.0 -
SouthCoastBoy said:Albermarle said:SouthCoastBoy said:Somebody said:I think the article says that £59k is not too out of reach when taking into account 2 lots of state pension totalling c£23k.
Personally I think 59k is way too much, we need 30k after tax,so basically half that suggestion, not sure how I would spend 59k after tax.
For them living on £59K a YEAR would only be for the great unwashed.0 -
AlanP_2 said:Universidad said:
Out of 7 pensioner couples I am familiar with I can think of only one couple whose assets would get to that level and the main factor there is a large house 2 miles outside the M25 in Hertfordshire.It's just my opinion and not advice.1 -
MarkCarnage said:QrizB said:Universidad said:
It used to be good when you bought a house at the limit of affordability and over time inflation and wage increases made it a lower and lower proportion. Since salaries stopped keeping up with inflation, its made mortgages for the current generation much more expensive in real terms over time.BikingBud said:Tell me again how house price inflation was good for us all!
I'd rather like to see house prices fall by 50%, despite the fact it would reduce my paper assets by several £100k. But that would be quite the bursting bubble.
Best thing that could happen for this country (and some others) is significant real fall in house prices allowing money to go to more productive areas of the economy.2 -
Hoenir said:MarkCarnage said:QrizB said:Universidad said:
It used to be good when you bought a house at the limit of affordability and over time inflation and wage increases made it a lower and lower proportion. Since salaries stopped keeping up with inflation, its made mortgages for the current generation much more expensive in real terms over time.BikingBud said:Tell me again how house price inflation was good for us all!
I'd rather like to see house prices fall by 50%, despite the fact it would reduce my paper assets by several £100k. But that would be quite the bursting bubble.
Best thing that could happen for this country (and some others) is significant real fall in house prices allowing money to go to more productive areas of the economy.It's just my opinion and not advice.1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.8K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards