Happy Corner
- The Silk Run
- Posts: 920
- Joined: Mon May 14, 2018 12:53 am
- Location: United Kingdom
I expect his skills are transferable on release. Cat Burglar ....
- Realrocknrolla
- Posts: 1903
- Joined: Fri Jun 05, 2020 7:15 pm
Say what..The Silk Run wrote: ↑Fri Jul 30, 2021 2:34 pmPussy
Thanks James.
I lucked out a little. 30 years with the same company and they offered me silly money to get out of the Final Salary Scheme.
I agree on the passion argument. Love to trade and code so that's my hobby\passion from now on
Well, trading, coding & figuring ways to keep up with inflation should keep you plenty busy.
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Nice one sniffer66 I'm shaun64 by your naming convention, getting access to that pension pot certainly makes you breath a sigh of relief. The potentially tricky bit is moving it to a product where your spouse gets 100% if you peg it. My old work schemes capped her benefit at 50% of my pot if I died. Not sure what your scheme was like but mine had been growing at about 8% which was amazing so getting out and only earning 2% or something is a proper gamble. Keep it there and stay fit, or pull it out so the benefactors get the lot. I ended up taking all of mine, paying the tax (ouch!) and used it to pay for our house. Slightly uncertain pension income now obvioulsy but our outgoings are now almost nothing and I know Mrs will have a roof bought and paid for. I'm not the healthiest of people so stick rather than twist felt like the right call. Do you take the money you've won already or gamble for the speedboat
Cheers Shaun.ShaunWhite wrote: ↑Fri Jul 30, 2021 5:32 pmNice one sniffer66 I'm shaun64 by your naming convention, getting access to that pension pot certainly makes you breath a sigh of relief. The potentially tricky bit is moving it to a product where your spouse gets 100% if you peg it. My old work schemes capped her benefit at 50% of my pot if I died. Not sure what your scheme was like but mine had been growing at about 8% which was amazing so getting out and only earning 2% or something is a proper gamble. Keep it there and stay fit, or pull it out so the benefactors get the lot. I ended up taking all of mine, paying the tax (ouch!) and used it to pay for our house. Slightly uncertain pension income now obvioulsy but our outgoings are now almost nothing and I know Mrs will have a roof bought and paid for. I'm not the healthiest of people so stick rather than twist felt like the right call. Do you take the money you've won already or gamble for the speedboat
I had 30 years in the company Final Salary Scheme and they offered me a silly amount to transfer out. Took IFA advice, as you are required to, and it's now sitting in a decently performing fund and I can take less drawdown than it's earning in interest . Plus I took the tax free lump and bought a cottage and a camper. If/when I go the missus gets the lot and any that's left after can go to the kids. Win all round so it's happy days
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Happy days indeed.
18 years growing
37 years working
....and hopefully another 37 after that.
That sounds alright to me.
btw one bit of bad news about your retirement, Anne Robinson is absolutely rubbish at hosting Countdown
As long as Rachel Riley's still doing the letters, he'll have a happy retirement.ShaunWhite wrote: ↑Fri Jul 30, 2021 5:53 pmbtw one bit of bad news about your retirement, Anne Robinson is absolutely rubbish at hosting Countdown
I just googled Rachel to find out her surname and Riley popped up before I could even type countdown! It's almost as though they can read my mind!
- The Silk Run
- Posts: 920
- Joined: Mon May 14, 2018 12:53 am
- Location: United Kingdom
Can't remember itThe Silk Run wrote: ↑Wed Aug 11, 2021 1:23 pmYou may regress a comment I made previously on another topic
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Two in a month Derek...starting to think it's linked to my turnover which has been up recently. Or linked to my returns which have been less than avg and this is a sweetner.
You do not have the required permissions to view the files attached to this post.