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 I'm not currently contributing to a pension, I have a fairly large pot in a SIPP but that's already had a lump sum withdrawn and so is in drawdown.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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Pensions options
Invest in Buy To Let. Guaranteed returns. -
Buy gold.. can never go down... or so I was told.'CUK forum personality of 2011 - Winner - Yes really!!!!
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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..."You’re just a bad memory who doesn’t know when to go away" JRComment
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I personally invest into whining yards in CUK General, there are thousands of ogres available...Comment
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Invest in gladiator films. Can't fail.Comment
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Russell Crowe is a bit old and fat now so even his 80 year old fans will have gone of him.Originally posted by barrydidit View Post"You’re just a bad memory who doesn’t know when to go away" JRComment
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