£1500 for the forum old farts (that's you, xoggy!)

[EternalOptimist]

Sounds fine in principle, but the restrospective legislation angle worries me

[zeitghost]

WXOGS.

[xoggoth]

Hey! A bit of legal tax fraud. Ta MS!

[Sysman]

I came across this kind of scheme in the early 90s when my insurance broker wanted me to run a few figures through a spreadsheet (this before most folks even knew what a spreadsheet was).

His scheme was a longer term thing aimed at folks due to retire in a few years and then through their retirement. The 25% tax free element on withdrawals yielded income (and money to reinvest if you wanted), and you avoided the tax on the remaining 75% by reinvesting that.

The scheme did work in theory but I couldn't help thinking that the insurance chap was going to make even more brass out of flogging those reinvestment policies down the line.

[mudskipper]

Probably already common knowledge, but stumbled across this today

Paul Lewis Money: TAKING MONEY FROM THE TREASURY

Fill yer boots!

(Don't forget my 20% cut.)