In the 1990s I sold pensions on the strenght that the tax free lump sum would pay off most if not all of the mortgage and leave the investor with a pension for life. Most were over a 40 year term plus, I was not alone
The approach of selling pensions with the promise that a tax-free lump sum would pay off mortgages and provide a lifelong pension was common in the 1990s. However, many factors can affect the outcome, including changes in the housing market and interest rates. It's crucial for investors to seek personalized advice and consider diversified financial strategies to ensure long-term financial stability
it's vital for investors to seek personalized advice and adopt diversified financial strategies. Working with a knowledgeable financial adviser is crucial for achieving long-term financial stability and freedom.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with ‘’Angela Lynn Schilling” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Hi mate, a question for you: I'm 40 years old and I work the NHS. I want to retire at 57 and I am thinking to start MPAVC or SIPP since I want to "manage" my own pot of pension money (not ERRBO, nor other options since it's apparently not so worth it and if leaving the NHS I will have problem in the future). So my question is whether MPAVC vs SIPP? Which one is better? In a normal employment Salary Sacrifice is possible however the NHS doesnt allow it and the only benefit is reduce Income Tax (20%). Cheers
In the 1990s I sold pensions on the strenght that the tax free lump sum would pay off most if not all of the mortgage and leave the investor with a pension for life. Most were over a 40 year term plus, I was not alone
The approach of selling pensions with the promise that a tax-free lump sum would pay off mortgages and provide a lifelong pension was common in the 1990s. However, many factors can affect the outcome, including changes in the housing market and interest rates. It's crucial for investors to seek personalized advice and consider diversified financial strategies to ensure long-term financial stability
it's vital for investors to seek personalized advice and adopt diversified financial strategies. Working with a knowledgeable financial adviser is crucial for achieving long-term financial stability and freedom.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with ‘’Angela Lynn Schilling” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
Thanks, I found it very useful and easy to understand.
Good to see you back. I get a lot out of your content. 👍🏻
This comment just made my Monday. Thank you so much!
amazing content! thank you for explaining
Thank you so much!
Was the first method flexible drawdown ans the second UFPLS?
🤔 Great info
Thank you!
Hi mate, a question for you: I'm 40 years old and I work the NHS. I want to retire at 57 and I am thinking to start MPAVC or SIPP since I want to "manage" my own pot of pension money (not ERRBO, nor other options since it's apparently not so worth it and if leaving the NHS I will have problem in the future). So my question is whether MPAVC vs SIPP? Which one is better? In a normal employment Salary Sacrifice is possible however the NHS doesnt allow it and the only benefit is reduce Income Tax (20%). Cheers
Don’t get it. I just want to take some money out to pay off my debts.
Hi there,
Sorry that you didn't understand. What exactly doesn't make sense? What questions do you have?
And I will do my best to clarify.
Thanks
So I can’t take the full 25% lump sum and leave the rest uncrystalised? Think I’ve understood that correctly.
Correct
Correct but as life time allowance removed crystallisation not really a thing to worry about.
The state pension is that untill you dead