[rugby]

not all pension plans are a waste of time, i get £115 a week from my invista pension,i also had a lump sum of £15400, might not sound much  to some considering i had to work for them for 25 years to get it,  but im only 50 so i dont think its too bad.

look what fred the shred got though,and he's the same age as me,the jammy ba****** 

[AuRavelling79]

not all pension plans are a waste of time, i get £115 a week from my invista pension,i also had a lump sum of £15400, might not sound much  to some considering i had to work for them for 25 years to get it,  but im only 50 so i dont think its too bad.

look what fred the shred got though,and he's the same age as me,the jammy ba****** 

You must have built up quite a pot to get that rugby.

[dd]

Probably worth paying into a pension if you make the 40% tax bracket as the you then save 40% on your tax liability.

Stock markets are well down at the moment, but these things are cyclical and it only really matters where the stockmarket is at when you cash in your investment.

In time markets recovered extremely well after the Wall Street Crash of 1929 and the subsequent depression of the 30s. So if time is on your side stock market investments could well pay long term.

[jonisondell]

buy another house and rent it out, or if you can't afford ithat, pay more off your morgage

spot on

[Sunshine/Cleaning]

If you pay £2000 per year into a pension you knock £2000 off your tax bill.

Even if the return is quite low in 25 years time it's got to be worth it.

Is it £2000 off or 20% of £2000 off? (Assuming you pay tax at the standard rate?)

If your tax bill is £4000 for the year and you pay £4000 into a pension in the same tax year your tax liability is £0000 for that tax year.

My IFA informed me at our last meeting.

[AuRavelling79]

If you pay £2000 per year into a pension you knock £2000 off your tax bill.

Even if the return is quite low in 25 years time it's got to be worth it.

Is it £2000 off or 20% of £2000 off? (Assuming you pay tax at the standard rate?)

If your tax bill is £4000 for the year and you pay £4000 into a pension in the same tax year your tax liability is £0000 for that tax year.

My IFA informed me at our last meeting.

Let me get my head round this ... are you saying that if the I work out my tax to be say, £4000 this year then I can pay that into a pension instead of paying the tax man?

[Sunshine/Cleaning]

That's what I understood. Has to be for the tax year it's comming off though.

So if you have £4000 spare, get it into a plan before April and come Jan next year, it will be off your Tax payments. Obviously seek IFA first.

[neil100]

With the goverment throwing money at the banks and quantative easing around the corner.One of two things are going to happen. We will either go bankrupt as a country or more likely their will come a time within 2 years where the goverment will not be able to raise any more cash then watch out for high inflation. Money will pour into 3 areas .Gold shares and property. Property will become very big again as it as an asset you can touch and feel.

Iam against pensions as I like to be in charge of my own money.For instance within a year put your money in shares if we are at the bottom of the market and your money will grow by over 100% in months.

Neil