Pension Alternatives ?

[stek]

Pension Alternatives ?

The only way out is senility....

[Ketchup]

... probably to escape having everything he's worked to build up taxed out of existence?

And as a way to avoid inheritence tax

[swebb]

My answer was serious; I studied geography and specialised in Demography; governments in Europe have been warned about the demographic timebomb for about 50 years now and have done next to nothing about it. Many of us can forget the idea of retiring like our grandparents or parents did.

Pay off your debts, find something you can do for the rest of your life and accept that that's the best you can do; if you DO manage to retire, count yourself lucky.

Sorry I wasn't replying to you, thanks for the reply. I agree with what you are saying. We can't carry on like this it's crazy. As far as I can see my tax is going to end up paying for other people to be able to live on retirement income and not myself

[swebb]

Anyway from what has been said I should have posted the original question on the legal forum, must admit didn't cross my mind that pensions would be on the legal forum but I'll go with that.

Thanks for the replies and general pension discussion, I've managed not to slit my wrists so far

[Mich the Tester]

Wait until you've got 5 years to go & do it then.

<ZG in "must help Osborne balance the books" mode>

I thought you were helping Osbourne reduce the deficit from 8% to 7.9% or something like that?

Here in NL we have the left wing campaigning for the EU 3% deficit ruling to the thrown out so we can have a 4% deficit, while the right wing are saying we'll have a 3.5% deficit and then reduce it to 3%.

I'm not lefty or righty about these things; I'm one of the people who's going to be paying for this debt for the rest of my life, and I'd rather like to see the government run a surplus instead. Trouble is, they'd have to fire half the civil service and scrap a lot of legislation to do it, so it won't happen. We'll just have to bleed instead.

[Mich the Tester]

Actually, if the gummint want my advice, they could start by slashing alcohol duties to 1p a bottle of whatever you buy; that way the babyboomers will drink themselves to death instead of living into their 100s.

Oh, and introduce a tea-totallers tax.

[Ketchup]

Actually, if the gummint want my advice, they could start by slashing alcohol duties to 1p a bottle of whatever you buy; that way the babyboomers will drink themselves to death instead of living into their 100s.

Oh, and introduce a tea-totallers tax.

But there will be the increased cost on the NHS to look after them and less revenue for the government.

What we need is good war so we can conscript all the dole-dossers, or a decent virus that only targets the poor

[Doggy Styles]

Sling your money into stock ISAs.

No guarantees obviously, but they are now a better bet than pensions. There's annual limits on putting money in, but you can spend them however you like.

[Lockhouse]

Property or ISAs. That is all.

[lukemg]

I'm still going with the SIPP's. Agree its at risk of getting taxed to oblivion but its a good way to get some coin out of the company and I am not a million miles from 'cashing out' regrettably.
Got my ISA's maxed out too and personal property is enough exposure in that area.
Won't do BTL, too illiquid, too much grief and subject to vagaries of market. If I was desperate for exposure I would buy a property fund, can include corporate too (I have a chunk of FCPT), maybe some housebuilders shares (might have missed the initial kick, but should be more upside with push for gvmt mortgages/planning easing).