Pension advice

[russell]

Pensions are a waste of money, you basically can't touch the money until the government decides and the tax change risk is high. Property in a good historically rentable area (not some new build in an area that used to be a dump). A Self Select S&S ISA where you can put in 11k+ each, 22k+ for a couple. If you invest wisely over 20 years that could be near 1 million tax free. (22k x 20) I feel bad for people who were conned by the pension schemes.

[MarillionFan]

(1) Pension - Take one out especially if you're going to be perm and the employer contributes (or do your own)
(2) ISAs - Max out your cash ISA each year & place in longterm 5 years.
(3) Share ISAs - Set your own up and manage
(4) Stock Trades - Trade up to your Capital Gains allowance each year
(5) Pay your mortgage off as soon as possible
(6) BTL - Build up 1/2/3 properties for income
(7) Premium Bonds - Little tuck away
(8) Funds - Invest in some high yield funds along the way
(9) Antiques - Invest in a few along the way
(10) Stick a gold bar under the bed.

Use all or a combination of these for your pension.

[scooterscot]

Why being a weedy lefty ponce doesn't fit with being a bastard landlord.

Why I've quit buy-to-let | Money | The Guardian

You hear all kinds of horror stories, such as three months' rent in advance

Minimum deposit for a place here in Munich! To cross the threshold of the door you need:

3 x months rent for deposit
1 x rent
2.4 x one month rent for agent provision
Perhaps you'll need to buy your own kitchen.

So a €2k a month rent (average for somewhere decent) you need €9k on the first day.

Tenants in the UK - bless

[Pondlife]

Minimum deposit for a place here in Munich! To cross the threshold of the door you need:

3 x months rent for deposit
1 x rent
2.4 x one month rent for agent provision
Perhaps you'll need to buy your own kitchen.

So a €2k a month rent (average for somewhere decent) you need €9k on the first day.

Tenants in the UK - bless

Theiving Makler Bast@rds They make our pimps seem reasonable.

[DimPrawn]

It's worse than that, with a pension you're paying some twat to lose money for you.

At least this one actually promises to lose your money for you.

Clerical Medical's Cash Pension: The investment fund that is guaranteed to lose you money - Telegraph

[DimPrawn]

(1) Pension - Take one out especially if you're going to be perm and the employer contributes (or do your own)
(2) ISAs - Max out your cash ISA each year & place in longterm 5 years.
(3) Share ISAs - Set your own up and manage
(4) Stock Trades - Trade up to your Capital Gains allowance each year
(5) Pay your mortgage off as soon as possible
(6) BTL - Build up 1/2/3 properties for income
(7) Premium Bonds - Little tuck away
(8) Funds - Invest in some high yield funds along the way
(9) Antiques - Invest in a few along the way
(10) Stick a gold bar under the bed.

Use all or a combination of these for your pension.

I'd say Premium Bonds are a complete waste of money, tax free winnings at rate of less than 1% return overall.

Zopa is returning me over 6% which at least means cash is not being eroded by inflation.

Gold and property, fine wines, some stocks but not too much, ISA's good.



The other issue with pensions is the rules change, the money can't be touched, the tax benefits are dubious and I can see the state pension being means tested which means you won't get one if you have saved your own pension pot. Pension providers and funds go bust, SIPPS may be scrapped, who fooking knows what the next s in charge will do?

[MarillionFan]

I'd say Premium Bonds are a complete waste of money, tax free winnings at rate of less than 1% return overall.

Zopa is returning me over 6% which at least means cash is not being eroded by inflation.

Gold and property, fine wines, some stocks but not too much, ISA's good.



The other issue with pensions is the rules change, the money can't be touched, the tax benefits are dubious and I can see the state pension being means tested which means you won't get one if you have saved your own pension pot. Pension providers and funds go bust, SIPPS may be scrapped, who fooking knows what the next s in charge will do?

Zopa is not tax free though.

I tried to take out a Zopa loan a few weeks ago because I wanted some short term cash for my new build and got turned down which is even more annoying considering I'm also a lender on there.

[DimPrawn]

Zopa is not tax free though.

I tried to take out a Zopa loan a few weeks ago because I wanted some short term cash for my new build and got turned down which is even more annoying considering I'm also a lender on there.

Neither is BTL rental income and if your mortgage payments < rent, and if not, then all you are doing is gambling house prices will go up forever.

[ChimpMaster]

Why being a weedy lefty ponce doesn't fit with being a bastard landlord.

Why I've quit buy-to-let | Money | The Guardian

"Osborne, who is 40, single and lives alone"

Winner then?

[russell]

(1) Pension - Take one out especially if you're going to be perm and the employer contributes (or do your own)
(2) ISAs - Max out your cash ISA each year & place in longterm 5 years.
(3) Share ISAs - Set your own up and manage
(4) Stock Trades - Trade up to your Capital Gains allowance each year
(5) Pay your mortgage off as soon as possible
(6) BTL - Build up 1/2/3 properties for income
(7) Premium Bonds - Little tuck away
(8) Funds - Invest in some high yield funds along the way
(9) Antiques - Invest in a few along the way
(10) Stick a gold bar under the bed.

Use all or a combination of these for your pension.

By the time you have invested using all of them you will have nothing left from all,the charges and fees, sticks to stocks Isa and property.