well you can take more than £16,000 but will pay 20% on 75% of the difference (the other 25% would be from tax free cash still)
If you and your other half both have pensions to play with that can...
Type: Posts; User: westberks
well you can take more than £16,000 but will pay 20% on 75% of the difference (the other 25% would be from tax free cash still)
If you and your other half both have pensions to play with that can...
If you have stopped working and have your personal allowance free to use, then taking around £16,000 pa from the pension with £4,000 as tax free and £12,000 as taxable but 0% if no other income, is...
the LTA is something that I, along with lots of other advisers, as mentioned, expect will come back at some stage,
lets be honest though; it impacts very few people and those that it does will get...
if the higher rate tax is unavoidable and you're enjoying yourself then i don't see an issue. where possible take an income from non taxable assets such as savings if the pension can be left until...
the current FCA quoting rules make any investment seem pretty pointless..... of the 3 growth rates attributed to the quote the first 2 are so low that after factoring assumed charges you may as well...
i'm an IFA and have this discussion with clients regularly. I discuss the quality of life/health and remind them that 55-75 are likely to be the golden years for travel, activities and generally...
congrats; after a tricky few weeks your plan sounds more appealing by the day!!
A lot have people have stumbled into SIPPs thinking they are somehow superior to a conventional PP & incur annual fees with some providers and high fund charges without realising; it was more a...
once you get to the new tax year it may be worth drawing the personal allowance if you have no other taxable income. This will be 0% tax on £12,500 (19/20 allowance) once the taxman realises you have...
this, go for a stakeholder or PP with a recognised large provider with low charges, for initially small fund values the cost of most SIPPs will be a bit toppy and unnecessary. I'd suggest going high...