What would you do?
What would you do?
How close to retirement are you ?
Sent from my ONEPLUS 5
Not working now, at 54.
What does CETV mean?
It's a tough choice. Some of the benefits of "taking" the cash already mentioned.
Ultimately it's a question of your attitude to risk and your other resources/income streams.
Have you done the getting financial advice bit? How long is your quote valid for?
I have an IFA, whom I have known for a good while, on the case. To add to the mix, my wife has a similar pension entitlement at c. £600k in CETV terms. Ultimate goal is to have both children in their own wholly-owned properties at year end. Then, job done.
We have quotes open for three months.
Hire some bodyguards - we know where you live and how much you have...
I thought CETV was a TV station - like a premiership one - started thinking Chelsea TV, then Charlton...
Would need more information before any hope of a serious reply (assuming you were after one).
How much pension would you be giving up in your DB scheme? What other assets (including other pensions) do you have? What other sources of income do you have (are you still working or retired)? And so on.
I know you say that your DB pension dies with you (and your wife) but is that a phrase you want to be reflecting on with regret when you're dancing the funky chicken on your 75th wedding anniversary?
Can you please adopt me...
Another reason to take the Tax free part now is to reduce you're tax liability on LTA. Although you would then pay tax on what you earned if its invested
outside you're pension pot depending on how you do it.
Been going through this for last few months and been presented with about 15 different scenarios each time about 15 pages long, started to get number blindness.
How? Your tax liability is on everything over £1m, the max tax free cash you can take is £250000 so in the OP’s case there is a potential tax liability on £300000 when it is crystallised.
My intention is to take the tax free cash on a monthly basis over a number of years.
Is your penis really so tiny that you need to big yourself up to strangers on an internet forum about how rich you are. What a sad git.
Oh I get it now! It's a wind-up, right!?
I actually thought for a moment some monumental wazzock had actually posted "Hey Look at ME" or even genuinely asked a load of people on an internet forum what to do with £1.3m!!!!!! Ha Ha, very good, very strong. You reeled a few people in!
Move to a country where they don’t tax foreign pensions income....