Pensions/retirement plans

[fine-n-dandy]

3 hours ago, euan2020 said:

what pension are you discussing US or UK given you are discussing US $

UK access is 55, USA is 59 - otherwise you are paying taxes, and penalties in USA 

USA allows you to borrow money on it and pay interest back to your own pension - US permits penalty free access if extenuating issues like covid

Pensions don't typically  allow you to load up on property, so please reference what you are looking at   

My pensions are down 25% since January due to being all into Equity, but that is equalised out by 100% growth prior 5 years

I consider pension as life pension so all into Equity into 70's not going conservative which is what traditionally occurs with traditional pension advice at 50-55 

with property you need to be working out if the rental income is going to cove your outgoing's - I think typically rule of thumb on rentals is 8% of value as thumb suck - if aberdeen then not sure you can guarantee income - im surprsied now how low the hotel prices are compared to back in the day due to availability 

I’m speaking about my private pension I have in UK.

You can invest it in ‘commercial’ property investment to avoid the taxes but not residential. 
All kinds of ‘loopholes’

 

End of the day you shouldn’t be forced/shackled to YOUR pension being stuck letting some other companies making money from it when you might die before ever getting the benefits of YOUR money

 

https://www.propertyinvestmentsuk.co.uk/can-i-use-my-pension-to-invest-in-property/

[Guest Grays Babylon 1875]

14 minutes ago, The Boofon said:

Pretty much unsackable working for council too.

Not if your names Mad Dog.

[Beachend Bootboy]

4 hours ago, euan2020 said:

what pension are you discussing US or UK given you are discussing US $

UK access is 55, USA is 59 - otherwise you are paying taxes, and penalties in USA 

USA allows you to borrow money on it and pay interest back to your own pension - US permits penalty free access if extenuating issues like covid

Pensions don't typically  allow you to load up on property, so please reference what you are looking at   

My pensions are down 25% since January due to being all into Equity, but that is equalised out by 100% growth prior 5 years

I consider pension as life pension so all into Equity into 70's not going conservative which is what traditionally occurs with traditional pension advice at 50-55 

with property you need to be working out if the rental income is going to cove your outgoing's - I think typically rule of thumb on rentals is 8% of value as thumb suck - if aberdeen then not sure you can guarantee income - im surprsied now how low the hotel prices are compared to back in the day due to availability 

I have not one fuckin clue what one word of wot you said there means.

[BrianFaePerth]

59 minutes ago, manboobs109 said:

Just had a look at ACC jobs. Resettlement Officer helping migrants. £26k a year. Consi would be a shoo in.

Lot of travel to Rwanda too you’d think

[Redforever86]

3 hours ago, Beachend Bootboy said:

I have not one fuckin clue what one word of wot you said there means.

It's the only decent post on the subject. 

[Redforever86]

3 hours ago, fine-n-dandy said:

 

You can invest it in ‘commercial’ property investment to avoid the taxes but not residential. 

Want to buy a guest house?

[fine-n-dandy]

5 minutes ago, Redforever86 said:

Want to buy a guest house?

Certainly not ?

Fk tryin to keep moaning cunt tourists happy in a guest house. Why anyone would torture themselves like that is beyond me 

[Redforever86]

3 minutes ago, fine-n-dandy said:

Certainly not ?

Fk tryin to keep moaning cunt tourists happy in a guest house. Why anyone would torture themselves like that is beyond me 

£££ same as every other job.

[fine-n-dandy]

12 minutes ago, Redforever86 said:

£££ same as every other job.

Tell that to Basil Faulty

[Redforever86]

18 minutes ago, Roberto said:

You had enough pal?

Wanting a new venture?

I'm not in a rush to sell it, but fancy a change. 

Walked up most of the hills, somewhere new with less midges ken. 

[spamspamspam]

I’ve bought a place in St Lucia to retire to.

Should be over there in the next 12-18 months

 

[pocrawred]

4 hours ago, fine-n-dandy said:

Tell that to Basil Faulty

Its Basil Fawlty you thick cunt.

[Beachend Bootboy]

34 minutes ago, pocrawred said:

Its Basil Fawlty you thick cunt.

It's actually It's.  No need to thank me.?

[Redforever86]

6 hours ago, Roberto said:

Abroad? Or move back closer to hame?

Aye that's fair enough though. I saw you make the selling comment a couple of times so wondered. I'm sure I'll pop up again some time soon. Need a decent poached egg.

Fuck knows to be honest. See fit is happening at the time. 

[pocrawred]

2 hours ago, Beachend Bootboy said:

It's actually It's.  No need to thank me.?

Haha fuck you....You've probably never been to Pittodrie....

[elephantstone78]

13 hours ago, fine-n-dandy said:

I’m speaking about my private pension I have in UK.

You can invest it in ‘commercial’ property investment to avoid the taxes but not residential. 
All kinds of ‘loopholes’

 

End of the day you shouldn’t be forced/shackled to YOUR pension being stuck letting some other companies making money from it when you might die before ever getting the benefits of YOUR money

 

https://www.propertyinvestmentsuk.co.uk/can-i-use-my-pension-to-invest-in-property/

You can invest in commercial property via a SIPP - self invested personal pension. But, these have higher fees than your bog standard personal pension Invested in stocks and shares funds. 
 

You also cannot get the money out before age 55 (rising to 57 in 2028). 
 

I would politely suggest that this strategy is not for most people and a more balanced or diversified approach is better. 
 

You can message me if you want to discuss in more detail. I will waive my hourly fee if you promise not to spam up the football boards for a week. 

[maryhilldon]

Possibly the dullest thread ever?

[For Fecks Sake]

1 hour ago, maryhilldon said:

Possibly the dullest thread ever?

You not read the Scottish Independence thread I take it ?

[fine-n-dandy]

2 hours ago, elephantstone78 said:

You can invest in commercial property via a SIPP - self invested personal pension. But, these have higher fees than your bog standard personal pension Invested in stocks and shares funds. 
 

You also cannot get the money out before age 55 (rising to 57 in 2028). 
 

I would politely suggest that this strategy is not for most people and a more balanced or diversified approach is better. 
 

You can message me if you want to discuss in more detail. I will waive my hourly fee if you promise not to spam up the football boards for a week. 

Sake min. I never knew they were raising the 25% tax free withdraw age to 57. That’s fkn BS that. That going to still be the case if you have retired before that but still under 57?

I’m aiming for retiring around 2028 but will still be a few years off 55 

 

?
 

fkn linked to UK state pension/retirement age rise. Fkn Tory cunts?

I won’t even be taking a UK state pension. Haven’t paid into UK system in almost 20 years. UK state pension isn’t worth shit.

I will be taking a Norwegian state pension & their retirement age is still 65 as far as I know

[BrianFaePerth]

16 minutes ago, fine-n-dandy said:

I will be taking a Norwegian state pension & their retirement age is still 65 as far as I know

Only if they’ve reduced the age.

[fine-n-dandy]

45 minutes ago, BrianFaePerth said:

Only if they’ve reduced the age.

Aye but you can choose to take pension at 62 in Norway if you want. You don’t have to wait until 67

[1903Fitba]

1 hour ago, fine-n-dandy said:

Aye but you can choose to take pension at 62 in Norway if you want. You don’t have to wait until 67

Just shut up you fucking prat. 
 

 

[euan2020]

if this is correct - then buying into pensions is still under a pensions wrapper, and the income from the commercial property will have to go into the Pension 

https://www.milestonefp.co.uk/pension-to-purchase-land-or-property/

with context of your questions thinking you have not looked into this deeply 

Advantages:

• The rent received by the pension scheme adds to the value of the pension and is not subject to income tax.
• The rental income is not classed as a contribution and so you can still make a personal contribution equal to your earned income (subject to the annual pension allowance) and benefit from tax relief, or an employer contribution to reduce your corporation tax liability.
• The purchase releases a lump sum from pension scheme if the business or member owns the commercial property already.
• If the property is sold there is no Capital Gains Tax liability upon the capital growth. Again, the proceeds are added back to the pension scheme value.
• As pensions normally fall outside of the estate there is no liability to Inheritance Tax on death.
• A SSAS Scheme has the flexibility to be able to lend funds back to the sponsoring employer (more detail on this is in our Pension Loanback Knowledge Guide)

also consider this 

https://www.housepricecrash.co.uk/

house prices are never guaranteed to go up 

consider these guys last 10 years

https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000LK2Q&tab=13

https://www.morningstar.com/cefs/xlon/smt/quote

fell back this last 9 months but consider the 10 years    

[maryhilldon]

35 minutes ago, 1903Fitba said:

Just shut up you fucking prat. 
 

You're a right horrible cunt eh? Just plain nasty.

[Reed or deed]

6 hours ago, elephantstone78 said:

You can invest in commercial property via a SIPP - self invested personal pension. But, these have higher fees than your bog standard personal pension Invested in stocks and shares funds. 
 

You also cannot get the money out before age 55 (rising to 57 in 2028). 
 

I would politely suggest that this strategy is not for most people and a more balanced or diversified approach is better. 
 

You can message me if you want to discuss in more detail. I will waive my hourly fee if you promise not to spam up the football boards for a week. 

Please make it a month or more.

[Beachend Bootboy]

7 hours ago, pocrawred said:

Haha fuck you....You've probably never been to Pittodrie....

Lolz.  Probably was goin' there before you were born tbh.??

[fine-n-dandy]

1 hour ago, 1903Fitba said:

Just shut up you fucking prat. 
 

 

Make me ponce. 
you don’t like it. Block or stay the fk out a thread created by the cunt you don’t want to hear from dipshit.

[fine-n-dandy]

1 hour ago, maryhilldon said:

You're a right horrible cunt eh? Just plain nasty.

He’s a +rating whore. He knows i am an easy provider ? all mouth though & got a very small penis apparently 

[Dad]

1 hour ago, maryhilldon said:

You're a right horrible cunt eh? Just plain nasty.

Rich coming from you, you miserable patronising arsehole 

[fine-n-dandy]

1 hour ago, euan2020 said:

if this is correct - then buying into pensions is still under a pensions wrapper, and the income from the commercial property will have to go into the Pension 

https://www.milestonefp.co.uk/pension-to-purchase-land-or-property/

with context of your questions thinking you have not looked into this deeply 

Advantages:

• The rent received by the pension scheme adds to the value of the pension and is not subject to income tax.
• The rental income is not classed as a contribution and so you can still make a personal contribution equal to your earned income (subject to the annual pension allowance) and benefit from tax relief, or an employer contribution to reduce your corporation tax liability.
• The purchase releases a lump sum from pension scheme if the business or member owns the commercial property already.
• If the property is sold there is no Capital Gains Tax liability upon the capital growth. Again, the proceeds are added back to the pension scheme value.
• As pensions normally fall outside of the estate there is no liability to Inheritance Tax on death.
• A SSAS Scheme has the flexibility to be able to lend funds back to the sponsoring employer (more detail on this is in our Pension Loanback Knowledge Guide)

also consider this 

https://www.housepricecrash.co.uk/

house prices are never guaranteed to go up 

consider these guys last 10 years

https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000LK2Q&tab=13

https://www.morningstar.com/cefs/xlon/smt/quote

fell back this last 9 months but consider the 10 years    

Yeah not delved too deep into it but yes. All profits/earnings go back into your pension pot tax free which will of course be taxed upon eventual withdrawal (no avoiding that. But the No CGT is the most appealing part in my view. It’s a good way of increasing your pension even more but of course housing market could crash but doubtful that will happen for any prolonged period now. Property is one of the safest investments in terms of risk/rewards. Predominately always has been ?