Pensions options

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northernladuk replied

6 April 2016, 15:03
Originally posted by BigRed View Post

Ok, I'll rephrase it. I have the funds for the £150,000 but they are in the company or in a SIPP so they will be taxable. I'm looking for a tax efficient way of getting my money out while leaving options open to adding to a pension without falling foul of the recycling rules.

I have a friend in Panama that might be able to help you....
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BigRed replied

6 April 2016, 15:02
Ok, I'll rephrase it. I have the funds for the £150,000 but they are in the company or in a SIPP so they will be taxable. I'm looking for a tax efficient way of getting my money out while leaving options open to adding to a pension without falling foul of the recycling rules.
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DimPrawn replied

5 April 2016, 21:33
Originally posted by BigRed View Post

I've got a small private pension (defined benefit) that I have to start taking later in the year, but not enough to retire on. I also need to find £150,000 in 5 years in the most tax efficient way. .

https://www.washingtonpost.com/news/...ing-your-poop/

If there's two of you, you're there.
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SueEllen replied

5 April 2016, 20:27
Originally posted by PurpleGorilla View Post

What about his 90 year old fans Sue?

Never met any of those....
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FatLazyContractor replied

5 April 2016, 19:26
Originally posted by northernladuk View Post

Buy gold.. can never go down... or so I was told.

You seem to be going out with AtW a lot these days
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PurpleGorilla replied

5 April 2016, 18:33
Originally posted by SueEllen View Post

Russell Crowe is a bit old and fat now so even his 80 year old fans will have gone of him.

What about his 90 year old fans Sue?
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SueEllen replied

5 April 2016, 18:32
Originally posted by barrydidit View Post

Invest in gladiator films. Can't fail.

Russell Crowe is a bit old and fat now so even his 80 year old fans will have gone of him.
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barrydidit replied

5 April 2016, 18:03
Invest in gladiator films. Can't fail.
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TheFaQQer replied

5 April 2016, 17:43
Originally posted by AtW View Post

I personally invest into whining yards in CUK General, there are thousands of ogres available...

Invest in sofas. Can't fail.
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TheFaQQer replied

5 April 2016, 17:43
Originally posted by BigRed View Post

I also need to find £150,000 in 5 years in the most tax efficient way. Any suggestions of things to look at?

Bank robbery
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AtW replied

5 April 2016, 17:37
I personally invest into whining yards in CUK General, there are thousands of ogres available...
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SueEllen replied

5 April 2016, 17:36
If you want proper advice post this in Accounting/Legal not in General.

Besides I would invest in wine. If you get fed up you could just drink it...
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northernladuk replied

5 April 2016, 16:56
Buy gold.. can never go down... or so I was told.
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PurpleGorilla replied

5 April 2016, 16:52
Pensions options

Invest in Buy To Let. Guaranteed returns.
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BigRed started a topic Pensions options

5 April 2016, 16:50
Pensions options

I've got a small private pension (defined benefit) that I have to start taking later in the year, but not enough to retire on. I also need to find £150,000 in 5 years in the most tax efficient way. Any suggestions of things to look at? I can take £50,000 as a tax free lump sum but I'm aware there are restrictions on recycling. I was going to simply invest my income into a new pension or ISA. I'm not currently contributing to a pension, I have a fairly large pot in a SIPP but that's already had a lump sum withdrawn and so is in drawdown. I'm looking for a rough idea of what the best options might be. I think I need to speak to a pensions advisor I'll ask my accountant but I think this is outside their field of expertise.
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