DOOM: Annuity rates

[_V_]

I assume you're keeping your capital (after tax free lump sum) within your pension pot? So your bonds/stocks are all part of the remaining pension capital?

Yes, that is the plan.

[Whorty]

Yes, that is the plan.

Cool. I was worried you planned to take the pension out completely and get hit with a 40% tax bill (after the 25% is taken tax free). You'd be surprised how many people don't realise that - I worked for a pensions advisors co and we had loads of clients who thought they could take their pension pot all tax free and wanted to buy a BTL - they were royally shocked to learn that only 25% was tax free and they would get smashed by a 40% tax bill on the rest of it.

There is so little understanding out there on some pretty important, but simple, financial matters. No wonder scammers find some easy targets!

[NotAllThere]

Yep, plenty of those globally available.

Royal London Sterling Extra Yield Bond (Class Y) Income Fund Price & Information

70% junk bonds, the rest BBB.

I'll pass.

[_V_]

70% junk bonds, the rest BBB.

I'll pass.

One man's junk is another man's treasure.

27/11/16 to 27/11/17
Annual return 16.69%

[Andy2]

One man's junk is another man's treasure.

27/11/16 to 27/11/17
Annual return 16.69%

As Nassim Taleb said do not pick pennies in front of a steamroller

[NotAllThere]

One man's junk is another man's treasure.

27/11/16 to 27/11/17
Annual return 16.69%

Please remember past performance is not a guide to future returns. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

27/11/19 to 27/11/20 Annual return 0.66%