Friday Friday, that toodlin' town

[Pinno718]

Morning

[Thread title in 'honour' of Idi Amin as taken down in verbatim by Alan Coren]

Damp and grey and drizzly again.
Today will be not a lot of action. Maybe café in the sticks as we missed it yesterday wot wiv car being in for it's service.
(and I do not have the electronic software to do it myself).

Coffee

 

[sungod]

'ning

gloomygrey start, but the rain stopped at last and it's less nippy

ride ridden, cafe stopped, more coffee soon, then a bubbly stroll

 

[oxoman]

Morning all, lazy day ringing pension people for free advice etc. Bike going for some TLC later. Weather currently dry and dull. Enjoy.

 

[wakemalcolm]

Who needs pension advice when you can buy SpaceX shares? I'll call my broker as soon as my Trump phone arrives.

Leaving that there before it all gets too NCAP, it's bright and breezy up here. A day for grass cutting, rhubarb stewing and looking up YouTube videos of my favourite accordionist, Idi Amin.

Have a good one y'all.

 

[VinSumRox]

Morning

Brightish here, possibly windy, but not damp. May go for ride with OH later.

 

[Webbo2]

Morning
Well it’s finally stopped raining but it’s a bit dank. So finish coffee, walk one dog who’s got cabin fever, ride bike. Later is physio who I hope can give me some clue to why I still can’t lift my arm above head, despite being pain free and doing the exercises for a week.

 

[sungod]

Morning all, lazy day ringing pension people for free advice etc. Bike going for some TLC later. Weather currently dry and dull. Enjoy.

free pension advice based on what my advisors did over the years...

• probably too late to play offshore tricks unless retirement is way off, in which case worth investigating
• if you were over the pension pot threshold in 2016, apply for 'individual protection 2016' (bigger lump sum)
• for any final salary scheme, get quotes with/without maxing your lump sum, watch out for pension company making errors
• you can take your lump sum from whichever pension pots you like, no need to pro rata it
• fwiw extracting max lump sum from fs scheme was best by far for me, but will depend on situation
• pay attention to where you park the lump (max the isa, then investment accounts using your annual cgt allowance to extract gains tax-free)
• unless you can handle/exploit losses, run away from anyone suggesting vct/eis
• triggering pension payment while still earning can work out if you're already over tax thresholds
• pay close attention to income tax/allowance thresholds/tapering, plan to avoid tax whenever possible
• unify non-fs pension pots in a sipp
• 'traditional' advice is low risk investments near/after retirement, but if you have income to weather short term dips, you'll do way better to stick with equities over the long term
• create/maintain a financial model of income/assets/tax/inflation to plan/forecast future

almost stroll time, need to decide between avocados and salmon for elevenses

 

[TLW1]

Unrequested rest day with heart attack symptoms but not heart attack 🤬 just after talking to the insurance company - wonder if it’s related 😂 hopefully out later as had feck all sleep last night

 

[Stevo 666]

Morning Peeps,

Good night out last night with the minions, fell surprisingly good considering.

Day off but been up a while as had to go for a blood test at the local hospital as a follow up from my annual MOT. They'd managed to get someone else booked in who had the same surname name, idiots. Fortunately the nurse took the blood anyway and told me to call the docs surgery and put them right. Hey ho.

Quick trip for supplies then a mate is dropping by to do some sim racing.

 

[Stevo 666]

free pension advice based on what my advisors did over the years...

• probably too late to play offshore tricks unless retirement is way off, in which case worth investigating
• if you were over the pension pot threshold in 2016, apply for 'individual protection 2016' (bigger lump sum)
• for any final salary scheme, get quotes with/without maxing your lump sum, watch out for pension company making errors
• you can take your lump sum from whichever pension pots you like, no need to pro rata it
• fwiw extracting max lump sum from fs scheme was best by far for me, but will depend on situation
• pay attention to where you park the lump (max the isa, then investment accounts using your annual cgt allowance to extract gains tax-free)
• unless you can handle/exploit losses, run away from anyone suggesting vct/eis
• triggering pension payment while still earning can work out if you're already over tax thresholds
• pay close attention to income tax/allowance thresholds/tapering, plan to avoid tax whenever possible
• unify non-fs pension pots in a sipp
• 'traditional' advice is low risk investments near/after retirement, but if you have income to weather short term dips, you'll do way better to stick with equities over the long term
• create/maintain a financial model of income/assets/tax/inflation to plan/forecast future

almost stroll time, need to decide between avocados and salmon for elevenses

Some sound advice there SG.

 

[oxoman]

Cheers @Stevo 666 for the advice. I'm looking to pull x2 DB aka final salary pensions and then invest after pulling the 25% tax free bit. I'm trying to get it so if I croak it the OH gets 100% of what's left and not a crappy widows pension oh and mitigate this shiteshow government from stealing anymore. BUT sadly very few companies will deal with this and if they do they have your pants down cost wise. @TLW1 Hope everything sorted.