Jump to content
House Price Crash Forum
Sign in to follow this  
RIP

You & Yours

Recommended Posts

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.

Reg

(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)

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   101 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.