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Guest Charlie The Tramp

Property And Pensions

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Guest Charlie The Tramp

Listen to today`s programme

Radio 4 inside money click on audio latest programme

SIPPS

Independent adviser says not a good idea for residential property and Jo Soap. Very interesting towards the end. Another damp squibb from the magician. <_<

Edited by Charlie The Tramp

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Thanks for posting that Charlie. Amazing that the prog participant (clearly a prop bull - aussie @ that) was so turned off by the reality of the situation.

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Guest Charlie The Tramp
Thanks for posting that Charlie. Amazing that the prog participant (clearly a prop bull - aussie @ that) was so turned off by the reality of the situation.

Makes me think how many idiots in this country will put their residential property into a sipps without realising the consequences that they no longer own their own home and will be renting it off the pension fund. Oh how it gets better. :D

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I must admit I am highly suspicious of the whole deal. We still don't know the details, yet the Gov has clearly been spinning to the press.

The interesting thing is people are being encouraged to set up SIPPS ahead of the 6/4/6 by the media hype, before they know the details. There are even suggestions that the self employed might want to "adjust" their remuneration to "take advantage" of the tax breaks. presumably the people this refers to have been using other "tax efficient" methods to reduce their income tax bill. One wonders whether the apparent high-rate SIPPS largesse isn't merely a sophisticated honey trap to flush out tax avoiders. After all, the gov have apparently engineered a scheme that will suit very few people; many of these would doubtless have been unimpressed by more normal tax breaks, simply because they have some of their own (dodgy) construction....

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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