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TFLS withdrawal before Autumn budget
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Had I not withdrawn it and started to transfer it to other tax shelters when I did, I would have needed to keep it there for many years, to avoid any withdrawal from clashing with other lump sums (such as my company share sale) that also need to be safely sheltered from taxation.
“Like a bunch of cod fishermen after all the cod’s been overfished, they don’t catch a lot of cod, but they keep on fishing in the same waters. That’s what’s happened to all these value investors. Maybe they should move to where the fish are.” Charlie Munger, vice chairman, Berkshire Hathaway0
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