Your house is your pension...

[Whorty]

aye, of course.
how's your cat getting on with those huge bolloks??

She has bigger bollox than you

[BR14]

My wife is a pensions expert .... she wept when she read this story Tories really are idiotic

aye, of course.
how's your cat getting on with those huge bolloks??

[Whorty]

My wife is a pensions expert .... she wept when she read this story Tories really are idiotic

[JohntheBike]

Dude, you live in Wales. They'd end up paying you.

it's all relative actually. Using Labour's proposals, my council tax would treble.

So what's your house worth? and what band is it in?

[NotAllThere]

If a couple could combine their pension wealth, both potentially using a proportion to support a deposit

In Switzerland you can do exactly this. There are exploitable pensions - company and private. Yearly payments into private are up to 20% of your income if you don't have a company pension, or a few grand if you do.

You need a 20% deposit. But you can pledge some or all of you pension money up to the first 10% of the deposit when you apply for a mortgage. They the add that amount to your mortgage, but payable at a lower interest rate. If you default - bye bye pension. Or you can cash in the pension at a low tax rate and reduce your mortgage directly. You can only cash in your pension if you're buying a house, reducing your mortgage or building a house.

So you can use your pension, but the deposits required are much higher than the UK and the amount of your pension you can use is limited. I'm not sure that the UK would have those safeguards.

[wattaj]

yes and they introduce their proposal to base council tax on the value of the land your house sits on

Dude, you live in Wales. They'd end up paying you.

[JohntheBike]

[QUOTE=Yorkie62;2652147]

With housing you cannot seem to go wrong.

QUOTE]

Until the next GE and we have a Corbyn led Labour government

yes and they introduce their proposal to base council tax on the value of the land your house sits on

[BrilloPad]

Until the next GE and we have a Corbyn led Labour government

It would be one good thing Corbyn would do.

[Yorkie62]

[QUOTE=BrilloPad;2652140]With housing you cannot seem to go wrong.

QUOTE]

Until the next GE and we have a Corbyn led Labour government

[BrilloPad]

With housing you cannot seem to go wrong.

Pension pots you have to be careful of. Look at LCF.....

[greenlake]

[AtW]

Isn't this actually "Your pension is your house"?

Most young peoples pension wealth is approx zero though.

“The average person aged 35 to 44 has a total pension wealth of about £35,000, Brokenshire said.”

Average... among Eton/Oxbridge grads

[DimPrawn]

“If a couple could combine their pension wealth, both potentially using a proportion to support a deposit, this would make a huge difference to millions of lives,” he argued. “It would give people real choice, real opportunity.””

Brokenshire criticised for suggesting first-time buyers dip into pension | Society | The Guardian

Isn't this actually "Your pension is your house"?

Most young peoples pension wealth is approx zero though.

[AtW]

“If a couple could combine their pension wealth, both potentially using a proportion to support a deposit, this would make a huge difference to millions of lives,” he argued. “It would give people real choice, real opportunity.””

Brokenshire criticised for suggesting first-time buyers dip into pension | Society | The Guardian