The Retirement Thread

10 lurkers | 175 watchers
Rosehip
Rosehip
May 2022
9:55am, 17 May 2022
25,254 posts
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Rosehip
^
Remember the huge tax advantage of pensions only applies so long as the (marginal) rate you’re getting relief on for extra contributions exceeds the (marginal) rate you pay on receipt of the pension. That covers higher rate taxpayers stepping down to standard rate, and standard rate who expect to drop below the standard rate threshold, but not a large chunk of people in the middle. (At least I think that’s how it works, for various reasons I’ve

never bothered that much with pensions and saved by myself instead. I have a few bits and pieces due in a few years but am not reliant on them.)


Also remembering to factor in the tax free lump sum and whatever increase in value the investment has had into that
Cerrertonia
Cerrertonia
May 2022
9:59am, 17 May 2022
16,495 posts
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Cerrertonia
Exactly right jda. Pensions let you defer tax to a time when your marginal tax rate may be lower, as the cost of keeping the money locked up. For people in employment, there's also any employer contribution and national insurance savings from salary sacrifice that make them a good deal irrespective of the tax situation.
macca 53
macca 53
May 2022
10:12am, 17 May 2022
29,937 posts
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macca 53
These are our “winter/spring” retirement views. 1.8k as the crow flies, but 4.6 as the road goes (two sides of a triangle). Convenient 5k virtual parkrun to the level crossing and back or 4 miles to the garage and back. Sunday 6/8 miler to the beach and round the bay. Everything is out and back though so almost no WSW points up for grabs.


Bob!
Bob!
May 2022
10:36am, 17 May 2022
3,859 posts
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Bob!
Where is that macca?
GregP
GregP
May 2022
10:49am, 17 May 2022
135,380 posts
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GregP
Yes, where please?
macca 53
macca 53
May 2022
10:52am, 17 May 2022
29,938 posts
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macca 53
The bay is at São Martinho do Porto and out apartment is in Alfeizerão. One hour north of Lisbon on the Silver Coast.
macca 53
macca 53
May 2022
10:54am, 17 May 2022
29,939 posts
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macca 53
Our!
GregP
GregP
May 2022
11:02am, 17 May 2022
135,381 posts
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GregP
Lovely.
Bob!
Bob!
May 2022
11:14am, 17 May 2022
3,860 posts
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Bob!
Nice!
Flatlander
Flatlander
May 2022
11:48am, 17 May 2022
2,459 posts
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Flatlander
Those photos are a good advertisement for retiring - the earlier the better! :-)

About This Thread

Maintained by Sigh
A place for baggy spaciousness: "The quality of time, soft attention and ease that we could enjoy 'doing nothing' "
(thanks to TheScribbler for the term (p1516)!)
( see also: neilthewriter.co.uk
and
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