Originally posted by oracleslave
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
So what do you invest in for the future now?
Collapse
X
-
What happens in General, stays in General.You know what they say about assumptions! -
Originally posted by MarillionFan View PostDon't know about your pension, but with the QE and rise in the market mine is at an all time high, having gone up by 30k in the last 8 weeks alone.Comment
-
Originally posted by CretinWatcher View PostLots of money could be made on that marketComment
-
Originally posted by MarillionFan View PostWHS. When I totted up and realised I was a millionaire I stopped working and started spending.
But that's not enough, you need 5 million at least to stop working.
If you're in your 40s that is.Comment
-
Originally posted by CretinWatcher View PostMine too. But my understanding is that pension funds may not be able to meet their liabilities in the long term.What happens in General, stays in General.You know what they say about assumptions!Comment
-
Originally posted by CretinWatcher View PostEasy to be a millionaire nowadays in terms of net assets, me too.
But that's not enough, you need 5 million at least to stop working.
If you're in your 40s that is.What happens in General, stays in General.You know what they say about assumptions!Comment
-
Originally posted by MarillionFan View PostI'm tempted to cash it in and transfer it to commercial property. Seeing a shop and flat next week which has a 10% yield. I don't expect commercial property to drop near me, London would be different.Comment
-
Originally posted by CretinWatcher View PostEasy to be a millionaire nowadays in terms of net assets, me too.
But that's not enough, you need 5 million at least to stop working.
If you're in your 40s that is.Comment
-
Originally posted by CretinWatcher View PostHow can you cash it in?
So was looking to convert into a SIPP which can be used to buy your own commercial properties.
There is a property coming up in an auction which I am interested in. I know it can go into a SIPP, I don't know though if I buy it directly, then do it up and then transfer it into my new SIPP whether I have to pay stamp duty twice.
Was planning to make a little on selling it back to my own pension fund. Need to speak to my accountant.What happens in General, stays in General.You know what they say about assumptions!Comment
-
Originally posted by MarillionFan View PostMine is in a managed fund, not a SIPP.
So was looking to convert into a SIPP which can be used to buy your own commercial properties.
There is a property coming up in an auction which I am interested in. I know it can go into a SIPP, I don't know though if I buy it directly, then do it up and then transfer it into my new SIPP whether I have to pay stamp duty twice.
Was planning to make a little on selling it back to my own pension fund. Need to speak to my accountant.
Will look into into investing that more actively.
Still think property is best - Portugal and Spain have bargains, Greece is at rock bottom. And whatever happens in those places you'll always have the sun and vino they've had for centuries.Last edited by CretinWatcher; 12 August 2016, 08:59.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment