Pension Lump Sum - Tax Raid

Dazed_and_C0nfused

ggmf said:

Vitor said:

I've taken two preserved pensions early with lump sums to protect from thieves Reeves 

Did you take the fuel payments from Sunak/Johnson? - have you paid them back at all?
Did you "Eat out to help out" ?
Where you furloughed for any period of time during the pandemic?
Did you take the vacines when offered? (did you personally pay for them?)
Are you self employed or take any of the grants/loans that were on offer? - have you paid them back?
Which part of the country is broke do you not understand?
Stop with the school playground insults.

Hear hear 👏👏

michaels

All those who are saying do nothing - are they going to indemnify anyone who ends up paying tax on an extra £156k if Reeves does cut to 100k?

Personally I see it as being about the certain cost of taxation of capital growth/income outside of a tax wrapper vs the uncertain cost of a higher tax bill.  What premium are you willing to pay to derisk?

Moonwolf

Vitor said:

I've taken two preserved pensions early with lump sums to protect from thieves Reeves 

Bloody four year olds allowed to type replies on their parents computer.

westv

michaels said:

All those who are saying do nothing - are they going to indemnify anyone who ends up paying tax on an extra £156k if Reeves does cut to 100k?

Personally I see it as being about the certain cost of taxation of capital growth/income outside of a tax wrapper vs the uncertain cost of a higher tax bill.  What premium are you willing to pay to derisk?

The click bait headlines were wrong every other year. 

MallyGirl

This thread, as they all do, is either going nowhere or is going to get political and get deleted. Either way it serves no purpose. Rumours are not the reason to gamble with your retirement funding.

kempiejon

mikewill34 said:

I am thinking of taking my 25% of my four current pensions sooner rather than later.

If you crystallised half the total and the status quo is maintained you'll only be half right. How's your asset allocation if now and following a plan to cash some out?

Vitor

- This thread, as they all do, is either going nowhere or is going to get political and get deleted -

My humorous reference to 'thieves' Reeves has triggered disgraceful aggresion. 

Yorkie1

Vitor said:

- This thread, as they all do, is either going nowhere or is going to get political and get deleted -

My humorous reference to 'thieves' Reeves has triggered disgraceful aggresion. 

I didn't read it as humorous, tbh. There have been so many other derogatory terms applied to her, that this just felt like another in the same vein.

JoeCrystal

Vitor said:

- This thread, as they all do, is either going nowhere or is going to get political and get deleted -

My humorous reference to 'thieves' Reeves has triggered disgraceful aggresion. 

It did not come across as humorous at all. Lack of smilies I think, it can be challenging to pick up the humour of posts sometimes. If you meant as a joke then I am afraid it did not come across like that at all. People will at first assume you are perfectly serious in this case.

artyboy

Marcon said:

Dazed_and_C0nfused said:

mikewill34 said:

flaneurs_lobster said:

mikewill34 said:

Hi All,

What are the latest predictions on what the chancellor will do in the autumn budget?

Predictions by whom? The Daily Mail or normal people?

Suggest you pull all of your money out of all of your pensions - just in case.

But then again I don't know Jack about what's going to be in the budget, why would you want me telling you what to do? 

Any predictions by authoritative sources would be appreciated. However they are PREDICTIONS and may not happen.

Rachel Reeves is the only authorities source that counts.

If you have the TV or radio on at lunchtime on 26 November you will no doubt get the answer you are after.

Exactly so. Perhaps until then we could avoid any more of these totally pointless threads?

Sounds hopelessly optimistic to me...