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

Unlock Your Pension To Buy At Auction

Recommended Posts

Looks as this is going to end not long after its begun.

http://www.telegraph.co.uk/news/politics/georgeosborne/12167084/George-Osborne-will-abolish-pension-perk-in-tax-bombshell-claims-former-minister.html

George Osborne is planning to abolish the tax-free lump sum on retirement incomes in a bid to raise £4 billion in lost revenue, according to a former pensions minister.
Steve Webb, who worked with the Chancellor on pension strategy in the coalition government, says the Treasury is plotting a "tax bombshell" that will hit hundreds of thousands of people.

Mr Webb says the current perk allowing people to access 25 per cent of their pension pots tax-free in a single lump sum when they reach 55 is "heading for extinction" in the budget next month.

Share this post


Link to post
Share on other sites

UNLOCK YOUR PENSION TO BUY AT AUCTION

says Edward Mellor's latest email

Auction December 8th

:)

That sounds like financial advice. Is that comment legal?

Share this post


Link to post
Share on other sites

See that the annual take out is around the same amount as the personal tax allowance, rising in line with inflation.....

Say one household.....all earning ~£10k pa........

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:   64 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.