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TheCountOfNowhere

How To Blow Your Pension : Channel 4 : 8P.m.

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"How to Blow Your Pension"

"From April 2015, people over 55 will be able to take as much as they want from their private pensions. Michael Buerk examines the consequences, and the firms that are courting pension holders."
Will it be part of channel 4's housing season ?
:lol::lol::lol::blink:

Why do I get the feeling the message might be....dont spend the money...invest it wisely...in......
Edited by TheCountOfNowhere

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Why do I get the feeling the message might be....dont spend the money...invest it wisely...in......

physical gold ? then claim poverty and claim loads of benefits ??

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Gold is overvalued I hear the pensioners say, housing is the way to go.... :lol::lol::lol::lol:

i think they should buy holiday homes abroad , at least no more cash is then put into the uk :lol: , cameron would like that right ???

surely that is why this policy was passed in the first place to help pensioners out ?? either way no cash flow should be put to use in the uk economy .

Edited by longgone

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i think they should buy holiday homes abroad , at least no more cash is then put into the uk :lol: , cameron would like that right ???

i`m not sure

Whatever they say I suspect all roads will lead to investing in property........

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Gold is overvalued I hear the pensioners say, housing is the way to go.... :lol::lol::lol::lol:

at least with physical gold no death tax to pay either , transfer of assets equates to oldie passing bag full of coins to young-un to invest into btl :lol: as the young knows pile of bricks only go up

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Was it ever established if access to your pension fund would impact your ability to claim unemployment benefit?

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Was it ever established if access to your pension fund would impact your ability to claim unemployment benefit?

Not yet.However its pretty obvious that in a few years if you find yourself unemployed at 55 then the DWP will expect you to use your pension pot before benefits.It will be interesting to see the first cases where people go bankrupt and the receiver hands over the pension assets as well.

If you can access pensions then they are as good as savings so i cant see how the DWP wont count them as such.

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Not yet.However its pretty obvious that in a few years if you find yourself unemployed at 55 then the DWP will expect you to use your pension pot before benefits.It will be interesting to see the first cases where people go bankrupt and the receiver hands over the pension assets as well.

If you can access pensions then they are as good as savings so i cant see how the DWP wont count them as such.

but what if the pension pot got gambled away mistakenly , and no savings were left :lol:

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Up till now, your pension was immune from Bankruptcy seizure except in some circumstances.

It seems to me that if you can cash it in, then the OR will be able to get his hands on it for your creditors too.

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Gold is overvalued I hear the pensioners say, housing is the way to go.... :lol::lol::lol::lol:

Anyone else seen the latest Moneyweek bulletin, saying that now is a really bad time to get into BTL?

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The only property mentioned was car parking spaces in the Middle East, which was not recommended.

If it wasn't part of the channel four property season then, what was the jist/conclusion of it?

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If it wasn't part of the channel four property season then, what was the jist/conclusion of it?

That it is an experiment and the outcome will be interesting.

Are people able to manage their retirement funds sensibly, or not?

No real conclusion.

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Use it to pay off the credit card and loans.

Give it to the bankers you mean? Best left where it is me thinks.

I was sure this would be a property thing, my apologys to channel 4 and well done if they actually raised awareness of how dangerous an idea this really is.

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That it is an experiment and the outcome will be interesting.

Are people able to manage their retirement funds sensibly, or not?

No real conclusion.

Are people able to spot a housing bubble and avoid it like the plague?

Leave their pensions where they are, it will cause untold misery.

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Give it to the bankers you mean? Best left where it is me thinks.

I was sure this would be a property thing, my apologys to channel 4 and well done if they actually raised awareness of how dangerous an idea this really is.

+1 i thought it would be a property porn spunk-a-thon. you get soo used to it you actually start avoiding brainwashing programs!

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