Pension or buy-to-let, what would you do? Say you decided to put £1k/month away for your retirement. Would you:-
(i) put 1k into a defined contribution pension scheme?
(ii) put £500 into pension scheme, £500 into buy-to-let?
(iii) put it all into buy-to-let?
It seems to me that we need to put a ridiculous amount of money into a pension pot to make it worthwhile. And then we could be hammered near retirement with poor annuity rates or market crashes.
Buy-to-let, well I know property is expensive and it would be a hassle to get people in and that we get taxed on the income in the meantime etc. but at least by retirement the rents would be higher and the house would be paid off...
(i) put 1k into a defined contribution pension scheme?
(ii) put £500 into pension scheme, £500 into buy-to-let?
(iii) put it all into buy-to-let?
It seems to me that we need to put a ridiculous amount of money into a pension pot to make it worthwhile. And then we could be hammered near retirement with poor annuity rates or market crashes.
Buy-to-let, well I know property is expensive and it would be a hassle to get people in and that we get taxed on the income in the meantime etc. but at least by retirement the rents would be higher and the house would be paid off...
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