Last minute indecision about taking defined benefits pension

Hoenir

FIREDreamer said:

Hoenir said:

Mr_Benn said:

I did wonder if there was a limit - thanks Mally .   I worked it out that if your a basic rate tax-payer, you make about 6.25% if you pay money into a pension, then withdraw it. The best cash ISA is currently paying just under 5% right now. 

SIPP's have fees. The net benefit may not in reality be that great. 

Hargreaves Lansdown SIPP is free if you just leave the money in cash.

Personally I've no plans to see the value of my portfolio eroded away by inflation. 

FIREDreamer

Hoenir said:

FIREDreamer said:

Hoenir said:

Mr_Benn said:

I did wonder if there was a limit - thanks Mally .   I worked it out that if your a basic rate tax-payer, you make about 6.25% if you pay money into a pension, then withdraw it. The best cash ISA is currently paying just under 5% right now. 

SIPP's have fees. The net benefit may not in reality be that great. 

Hargreaves Lansdown SIPP is free if you just leave the money in cash.

Personally I've no plans to see the value of my portfolio eroded away by inflation. 

I was thinking along the lines of £2,880 in then £3,600 out as soon as the tax relief arrives. Then rinse and repeat each tax year.

HedgehogRulez

Your pension investments are being eroded by inflation irrespective of the type held