Cool. I was worried you planned to take the pension out completely and get hit with a 40% tax bill (after the 25% is taken tax free). You'd be surprised how many people don't realise that - I worked for a pensions advisors co and we had loads of clients who thought they could take their pension pot all tax free and wanted to buy a BTL - they were royally shocked to learn that only 25% was tax free and they would get smashed by a 40% tax bill on the rest of it.
There is so little understanding out there on some pretty important, but simple, financial matters. No wonder scammers find some easy targets!
I am what I drink, and I'm a bitter man
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Andy2 's job has never been outsourced
Permie Swiss (pending)
NotAllThere is always on top
Please remember past performance is not a guide to future returns. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
27/11/19 to 27/11/20 Annual return 0.66%
Down with racism. Long live miscegenation!