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Pensions and getting to 55

Discuss anything non Z4 related here
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pvr
Legend
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Joined: Fri Jun 15, 2007 12:27 pm
Location: South East UK

Pensions and getting to 55

Post by pvr » Sat Sep 25, 2021 5:19 pm

Pondrew wrote: Sat Sep 25, 2021 5:16 pm
sars wrote: Sat Sep 25, 2021 4:49 pm Be that as it may, if I was married to him, he would have drunk the poison by now
Sars, I am a nice person really, well fairly nice :D
Don't take anything I say on here too seriously. It's mostly just rubbish :thumbsup:
And that is just your car buying history … :poke:
Current:
911-50 Black - unique spec
X5M - 575 hp of fun in a V8
Abarth 595 Comp.
Golf Clipper - collectors item
Z4 3.0si Black Sapphire
VW ID.3

Previous:
Z4M Silver Grey - non flimper spec (gone to Bing)
Z4 3.0 Toledo

Pondrew
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Location: Spaldingski

Pensions and getting to 55

Post by Pondrew » Sat Sep 25, 2021 5:20 pm

pvr wrote: Sat Sep 25, 2021 1:09 pm If the pot is 1 million, why is the same advice costing so much more than if the pot is 100k.
Maybe mine was an estate agent in a former life (he sounded almost smarmy enough). :o I shall have another conversation with him and if he wants more than I think is fair I shall say goodbye and look into it myself.
All good things come to those who wait. I'm really impatient which explains a lot.

F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!

Pondrew
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Pensions and getting to 55

Post by Pondrew » Sat Sep 25, 2021 5:21 pm

pvr wrote: Sat Sep 25, 2021 5:19 pm And that is just your car buying history
Again, harsh but fair :D
All good things come to those who wait. I'm really impatient which explains a lot.

F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!

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sars
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Location: East Yorkshire

Pensions and getting to 55

Post by sars » Sat Sep 25, 2021 8:27 pm

Pondrew wrote: Sat Sep 25, 2021 5:16 pm
sars wrote: Sat Sep 25, 2021 4:49 pm Be that as it may, if I was married to him, he would have drunk the poison by now
Sars, I am a nice person really, well fairly nice :D
Don't take anything I say on here too seriously. It's mostly just rubbish :thumbsup:
By and large most are on here for a slight humorous distraction and perhaps a bit of knowledge, so it’s posters like you that keep us all entertained :lol:
Gorgeous SFR Z4 M40i 8)
Gone 2017 Iridium SL400, 2015 435d xDrive Convertible, 2012 E350 CDi Convertible, 2010 DSB Z4 sdrive30i, 2008 Audi A4 Cabriolet, 2006 Phoenix Yellow Z4 2.5Si, 2003 Saab 9-3 Convertible

Hilly30si
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Location: By the M6 Toll Rd Staffordshire

Pensions and getting to 55

Post by Hilly30si » Tue Sep 28, 2021 7:15 pm

I took my 25% about 4 years ago and bought my TR6 with some of it, closed my business and retired last year 65 put the rest into a drawdown which is now our holiday fund :thumbsup:
My Cars

2021 X3 M Sport loaded with Tec
1974 Triumph TR6 in Mimosa Yellow
Gone but not forgotten
2008 Z4 3.0 SI Roadster

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Nanu
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Location: Sunderland

Pensions and getting to 55

Post by Nanu » Tue Sep 28, 2021 7:59 pm

I am lucky enough to have worked in the public sector most of my life and two private pensions. Advice on both occasions given to me was commute as much as you can tax free, did both times and never regretted it. Not commuting in my case would have also meant going into the 40% tax bracket which is something you have to take into consideration especially at some point there will be the state pension to be added to your income. Currently mine is sitting in Premium Bonds earing a lot better income than any bank can provide with the added bonus of again being tax free
G29 M30i M Sport San Francisco Red

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E89 35is Valencia Orange
E89 28i Crimson
E89 25i White

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