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You & Yours

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For completeness, maybe worth documenting a mini-ramp on Radio 4 You & Yours today. Waffling on about pension "freedoms". Soon as heard that I started counting down until the three letters were mentioned. Took about 30 seconds. First suggestion of what to do with the Free Money: bloke forked over 200k for two student lets, didn't say where. Apparently it's the only way of getting a "secure" income. Didn't say where rest of cash/loan came from. Absolutely no mention of presumably losing approx 200k-40k = 160k, 40% of 160k = £64000 in tax on the pension withdrawal. Mr Standard Life on later saying 5% of potential free-moneyers have exercised the option. He gently suggested Buy Toilet option has drawbacks such as voids, "tax implications", no guaranteed capital gain, etc. But sadly didn't go through each one of those implications for Free Money Bloke's case. Didn't mention termly cleaning/delousing bills for student dives either.


(Whose daughter's just off to Sheffield Uni, and her nice £5300/yr room in Endcliffe "Village". My missis bought a whole house for that in Sheffield in 1981)

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