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Well done, have a wonderful retirement :-)

Whenever I make any major decisions I literally write down all the pro's and con's and if I can live with the con's and the pro's are worthwhile I'll maybe go ahead.

Are you planning to live in...

We put our house on the market a couple of weeks ago and beforehand had the standard ‘declutter’. On going through the cupboards I found one of your jars of honey. I must have had at least half a...

Wow Martyn, that looks great! And big enough for TZ guests :-)

Mick won’t let that get in the way of a good story!

When the banks got rid of loads of staff at age 50 (back when they could get their pensions at 50), they then realised they had overdone redundancies and within a year many of them were working for...

If you have a spouse it’s worth looking at pension planning for them as well as that means there’s 25k of allowances that can be utilised annually between two of you - that’s quite a bit of tax free...

Sorry Andy, you clearly don’t get it at all. You’ve essentially turned what would have been tax free money, into probably taxable money in the future. Keep saying you didn’t need it is irrelevant...

Andy I think you did miss the point they were both making - you could have taken up to your annual allowance without paying any tax on it. You don’t take it and it’s gone. You’ll probablyhave to pay...

Could be worth considering creating a trust where he has a regular income stream instead of having access to all of the capital which is what would happen at 18 unless you have a Will in place with...

Ryan it’s worth taking into account that £1m today will have a lot less buying power into say 10 or 20 years times so that pot may need to be £1.5m by then (if the LTA rises of course). That said £1m...

You could put £2,880 into a pension for your children every year. With tax relief it takes it to £3,600. Quite a few grand parents and a few parents have done this. They say if you did it from birth...

I know a couple who retired a year ago both age 60, went into drawdown crystallising enough to give them around £1,200 per month and a year on they’ve saved money! Said £1,000 per month is...

This ^^^



That's 'almost NEVER' is just not true at all. It's almost like saying you should never re mortgage as you are better off where you are. Chances are your lender may have a suitable...

That's great news Martyn. Enjoy tonight, wake up tomorrow and remember 'today is the first day of the rest of your life'.

Sounds like you've got some good options going forward. Take those next...

Drawdown is flexible so you can change your mind and take more tax free cash later if you want. You are essentially just crystallising more if you do.

As for the the tax free cash going, whilst no...

Individuals still get tax relief, it’s set against the rental profit. It’s being tiered from 100% to 50% over 4 years for higher rate tax payers. However I suspect that paying it off probably makes...

The tax free cash element is always tax free cash when drawn up until age 75.

What quite a few people do at 55 or over is crystallise their tax free cash element with the drawdown payments - so...

Re the above post.

Why take your 25% tax free cash and put it in ISA’s? You’d be better off leaving it in pensions really if you don’t need it - out of the estate for IHT (if applicable) and if it...

You’ll probably feel happy and sad at different times in the next few weeks, which would be natural for anyone, but I’m sure you’ll embrace it as a positive and look forward to the next chapter of...

And the inheritance scenario can also work the other way. More and more parents are giving their children deposits to just get on the property ladder. Quite large deposits in many cases as it’s the...

Great minds and all that Adrian :-)

Seriously it’s probably that we thrive on it and would be a little lost without it. To me it makes the time off far more enjoyable.

It depends though on whether they enjoy what they do.

About 18 months ago at 46 I considered retiring and for probably 6 months my head was all over the place. I woke up one day and thought I...

Have you ever spent a lot of time living abroad?

Personally I would want to keep a property in the U.K. even if it's smaller - just in case - no idea why, peace of mind I think.

I would also...