Private pensions advise, please

Cannonball · Post by **Cannonball** » Sat Dec 13, 08 8:58 pm

Pete wrote:I know the feeling Gavin, I have paid in one for over 30 years, and now that is getting changed

..."And that's magic" ehh, Duncan

he is a bit like paul daniel,s

magic

Pete · Post by **Pete** » Sat Dec 13, 08 9:01 pm

Never miss an opportunity for a "height" gag, ehh Dunc

RayC · Post by **RayC** » Sat Dec 13, 08 9:07 pm

latil · Post by **latil** » Sat Dec 13, 08 10:10 pm

This is the safest right now.

Brian J · Post by **Brian J** » Sat Dec 13, 08 10:15 pm

Buy property, iv bought 2 commercial properties ,then i can put money into the pension iv set up tax free as soon as i have a third of the value of the property in there i can then get the pension fund to mortgage the properties and pay me in full for them ,hopefully in a few years. I still hold possession of the units with the rent paying the mortgage ,then when i retire i sell the units and live off the money (pension)A pension that i am in control of

see an accountant

Cannonball · Post by **Cannonball** » Sat Dec 13, 08 10:50 pm

Brian J wrote:Buy property, iv bought 2 commercial properties ,then i can put money into the pension iv set up tax free as soon as i have a third of the value of the property in there i can then get the pension fund to mortgage the properties and pay me in full for them ,hopefully in a few years. I still hold possession of the units with the rent paying the mortgage ,then when i retire i sell the units and live off the money (pension)A pension that i am in control of see an accountant

bananarama! kaz is in control off

Brian J · Post by **Brian J** » Sat Dec 13, 08 10:55 pm

No, i just let her think that. she has'nt got a clue

RayC · Post by **RayC** » Sat Dec 13, 08 11:11 pm

I don`t have any £££££ to worry about, so happy days

Cannonball · Post by **Cannonball** » Sat Dec 13, 08 11:29 pm

Brian J wrote:No, i just let her think that. she has'nt got a clue

keep believin it bri,

she is a lot cleverer than you me n ray put tgether

anyway had a good weekend matey,?????????

Cannonball · Post by **Cannonball** » Sun Dec 14, 08 3:55 pm

Cannonball wrote:
Brian J wrote:No, i just let her think that. she has'nt got a clue
keep believin it bri, she is a lot cleverer than you me n ray put tgether

anyway had a good weekend matey,?????????

aw hidin again,

Richard · Post by **Richard** » Sun Dec 14, 08 5:11 pm

Brian J wrote:Buy property, iv bought 2 commercial properties ,then i can put money into the pension iv set up tax free as soon as i have a third of the value of the property in there i can then get the pension fund to mortgage the properties and pay me in full for them ,hopefully in a few years. I still hold possession of the units with the rent paying the mortgage ,then when i retire i sell the units and live off the money (pension)A pension that i am in control of see an accountant

This is the way forward Pete, use a company scheme if it is well subsidised like old school PLCs and council/govt. otherwise stick it in property land hemicudas etc anything that is desirable that they can't make more of! Then it's just the trick of unloading it at the right time.

Anonymous · Post by **Anonymous** » Sun Dec 14, 08 7:22 pm

Brian J wrote:Buy property, iv bought 2 commercial properties ,then i can put money into the pension iv set up tax free as soon as i have a third of the value of the property in there i can then get the pension fund to mortgage the properties and pay me in full for them ,hopefully in a few years. I still hold possession of the units with the rent paying the mortgage ,then when i retire i sell the units and live off the money (pension)A pension that i am in control of see an accountant

Pete you have to be a Director to be eligible to have a self administered pension plan and even then unless you invest in secured bonds which do not provide good returns they are just as effected by the stock market with regard to value as any other investment ask bri how much he could have sold his industrial units for 2 years ago and how much he could get now.
The fact is that the capitalist system relies as much on recession as growth,
Ie the stock market cannot continue to rise continuously without the pound and any other assets devaluing.
In fact now is a great time to start a pension as a lot of blue chip stock is undervalued so when the market does recover there will be some massive gains to be made.
The unfortunate thing is that your daughter will probably have to face the same recessional problems in 20015 and 2020.
Something that will probably not worry me to much.

Dave999 · Post by **Dave999** » Mon Dec 15, 08 11:29 am

Invest in sliver and gold. ingots that is.... not Tiffany's finest or the output from H Samuel

banks use precious metal as their reserve why shouldn't we.

you need a nice (fire) safe preferably hidden

no i don't have any

but i know a man who does who is well chuffed with his investment (the flash git no credit crunch for him)

Dave