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House Price Crash Forum


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Posts posted by rettah

  1. Judith is Britain's first buy-to-let lecturer," her other half quips proudly.

    This month, she will also launch the Judith Wilson Investment Property Bond, a new concept in accumulating wealth via bricks and mortar. She will sell stakes of five per cent in ten of her rented houses, with a promise they will double in value every seven years.

    The idea is for parents to buy a £10,000 stake for their children at birth, so that by the time their son or daughter reaches the age of 21, the investment will be worth £80,000; sufficient for a deposit on their first home

    I wonder what happened to this brilliant idea and how good the promise is? :unsure:

  2. They are relying purely on their single company/private pension, which is folly, and just as stupid as those who rely on their house as their pension

    Couldn't agree more.

    There's an interesting argument to be had as to how much you should pay into a pension fund. Annuity rates seem to have improved recently but to get a RPI linked 5 year guarantee pension £100,000 will currently buy you about a £4,000 a year. So to get a reasonable income you would currently need a pension pot of £300,000 - £500,000. I can see the view that it looks hopeless so why bother. Trouble is what are the options other than working til you drop?

  3. Call, I have both ISA and SIPP. From an investment point of view they are similar although you can hold a far greater range of investments in a SIPP (eg AIM stocks). In you example your £7,200 would equate to £12,000 (You get the basic rate credited but the higher rate is claimed on your tax return) so £73,391 after 20 years. Assuming you are then over 55 you could take 25% tax free and then you would have to buy an annuity with the rest. The main reason I use a SIPP is for the investment flexibility. My ISA is for my safer investments. I think you need a range of investments. I have final salary pension, SIPP, ISA, ordinary share account, property (Paid for) and the same amount as the property in cash.

  4. Where else are you going to get the same tax benefit and return than in a pension. Now is a great time to be putting money into a pension (SIPP in my case) as all the doom mungers around have ensured that many shares prices are at rock bottom. If I put 60p into my SIPP I get 40p return in the first year without doing anything. Where else will give me a year one return of 67%? (Yes, there is tax to pay when you draw down on the pension but all the growth in the intervening years is tax free. Oh, and you can take 25% out tax free)

  5. The biggest issue with the public sector is the pension benefit. A final salary pension is worth approximately an extra 20% on your pay which always seems to get forgotten and this report highlights this. This is a national disgrace given the govenments attempts to seemingly kill off private pensions.

  6. Comer have done a couple of developments down the road from me in Barnet. Flats in this one were sold from new for around £300,000 in 2005. The block has offices on 2 sides, a sainsbury/car park on one side and the mainline train line on the other. There is a basement car park with a drive too steep to drive down. Now selling for around £144k to £160k (Although probably less as that is advertised price)



    Fair play to Comer for finding idiots willing to pay the price they got. Madness or fraud by the buyers.

  7. I have my SIPP with Hargreaves Lansdown who I have found to be very good and keep you informed of progress if you're transferring. I also have ISA and sharedealing accounts with Barclays who are great for online but not so good if you need to speak to someone. I still make AVCs as my company adds 10% on my contributions and I can always transfer to my SIPP at a later date. My SIPP and ISA are only a top up as I have a final salary pension so I'm not so worried about the additonal risk that a SIPP can have. I guess I'm a believer of having a balanced approach to investment and not having all you eggs in one basket.

  8. Absolutely. Anyone who is a higher rate tax payer and does not have a proper pension fund is IMHO bonkers as the tax benefit is so huge. I now have a SIPP as the returns in a "managed" pension fund were laughable. More risk possibly going down this route but potentially far better returns. I think now is a great time to be doing this as many shares are on their knees. Also put the full amount into ISA each year.

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