Jaguar Forum banner

21 - 40 of 77 Posts

·
Firm Rampant Member
Joined
·
12,904 Posts
Discussion Starter #21
received a job enquiry earlier.
Knocked up a CV in a hr....
Worth the email and time...
 

·
Firm Rampant Member
Joined
·
12,904 Posts
Discussion Starter #22
final consultation discussion planned for next Weds am...

hurrah.
 

·
Firm Rampant Member
Joined
·
12,904 Posts
Discussion Starter #23
a former Italian colleague who I have met once ( but thoroughly enjoyed a presentation I made to the full EMEA team a few years back) has contacted 6 Cos , in case they need anyone.

He now heads up a HW div that i know well

What a super fella
 
  • Like
Reactions: PeteA and Gav

·
Administrator
Joined
·
27,849 Posts
That was decent of him.
 

·
Firm Rampant Member
Joined
·
12,904 Posts
Discussion Starter #25
That was decent of him.
he is a truly nice fella.
His application guy ,( my former BBC mate) was only chatting to me today on just what a super guy he is to work for... sadly ,for me, my mate isn't considering retiring for a good few years yet.
 

·
Firm Rampant Member
Joined
·
12,904 Posts
Discussion Starter #26
....they have both pushed my name to an industrial specialist distributor who handle smaller HW former OEMs.
It seems that they have little combustion knowledge...as a former OEM of mine lambasted me ,them and HW for the woeful standard of service...the email was long and extremely hurtful...or would have been if I hadn't left HW 12 months earlier and even heard of this distributor.
I pointed this out , in response and offered to support if requested.... no response received.😆😆😆
 

·
Administrator
Joined
·
26,000 Posts
I don't really see that you've got any option other than taking the tax free lump sum & using drawdown for the remaining 75%. Annuity rates are dismal unless you've got a life limiting health condition & even then they're not that great. A pension of £2200 for each £100K of capital doesn't go very far! That figure may go even lower if C19 has a lasting effect on corporate earnings (FTSE100 dividends will probably drop 75% this year).
 
  • Like
Reactions: DAVENN

·
Firm Rampant Member
Joined
·
12,904 Posts
Discussion Starter #28
I don't really see that you've got any option other than taking the tax free lump sum & using drawdown for the remaining 75%. Annuity rates are dismal unless you've got a life limiting health condition & even then they're not that great. A pension of £2200 for each £100K of capital doesn't go very far! That figure may go even lower if C19 has a lasting effect on corporate earnings (FTSE100 dividends will probably drop 75% this year).
unless...I pump some pennies into a Co Ive known for 25yrs and take up a directorship

😉😉
 

·
Administrator
Joined
·
26,000 Posts
unless...I pump some pennies into a Co Ive known for 25yrs and take up a directorship

😉😉
It may still be possible to set up a pension fund to make that investment. That way you could avoid income tax by keeping the funds under the 'pension' umbrella.

It's something to discuss with an IFA or accountant.
 
  • Like
Reactions: DAVENN

·
Firm Rampant Member
Joined
·
12,904 Posts
Discussion Starter #30
It may still be possible to set up a pension fund to make that investment. That way you could avoid income tax by keeping the funds under the 'pension' umbrella.

It's something to discuss with an IFA or accountant.
Mmm... that might work and I'm with one later this week
 

·
Registered
Joined
·
1,924 Posts
A pension of £2200 for each £100K of capital doesn't go very far! That figure may go even lower if C19 has a lasting effect on corporate earnings (FTSE100 dividends will probably drop 75% this year).
Surely it must be higher than that though. Do the bean counters expect the average life expectancy to be 50 years after retirement?
 

·
Firm Rampant Member
Joined
·
12,904 Posts
Discussion Starter #32
Surely it must be higher than that though. Do the bean counters expect the average life expectancy to be 50 years after retirement?
no...in fact they expect the opposite... or want the opposite anyway.
 

·
Administrator
Joined
·
26,000 Posts
Surely it must be higher than that though. Do the bean counters expect the average life expectancy to be 50 years after retirement?
Presumably you'd want at least 50% widows & index linking?
 

·
Founder member
Joined
·
5,082 Posts
Surely it must be higher than that though. Do the bean counters expect the average life expectancy to be 50 years after retirement?
I think I worked out mine was 30yrs to just empty the pot , looking for a way to empty the pot without too many penalties and invest where I want to My provider doesn’t do draw down, private pensions biggest scam out IMO.
 
  • Like
Reactions: DAVENN

·
Administrator
Joined
·
26,000 Posts
I think I worked out mine was 30yrs to just empty the pot , looking for a way to empty the pot without too many penalties and invest where I want to My provider doesn’t do draw down, private pensions biggest scam out IMO.
You can move it to somewhere that does do drawdown ... HL or AJ Bell are popular choices.
 

·
Registered
Joined
·
1,924 Posts
I would split the pot into two and each has a single life policy. Rpi is a gamble with the odds in the insurer's favour. If you take the higher payment of a flat policy and invest the difference to give a cash pile in case inflation rises, would you be likely better or worse off?
 

·
Registered
Joined
·
2,707 Posts
I love AJ Bell's platform and their customer service has been excellent as well.

Scottish Mortgage has been a fantastic performer as have a few Polar Capital tech funds, although tech seems to have taken a bit of a tumble at the end of last week, perhaps a little to many were overvalued and things are settling.

I've got some healthcare waiting in the wings, usually fairly steady growth but also hoping for a little flurry if a vaccine comes out and I'll cream off some profit and invest elsewhere.

I used to have a managed pension fund, bloody useless so moved it into a SIPP and never looked back.
 

·
Administrator
Joined
·
26,000 Posts
I would split the pot into two and each has a single life policy. Rpi is a gamble with the odds in the insurer's favour. If you take the higher payment of a flat policy and invest the difference to give a cash pile in case inflation rises, would you be likely better or worse off?
Annuity rates for £75,000 ...

182253


Single life: 4%
100% widows: 3.5%
50% widows + RPI: 1.9%
 

·
Registered
Joined
·
2,442 Posts
Does anyone have property as part of their pension pot?
I could buy a flat locally for the same as that annuity of £75k and get £6k per year in rent, when I die the flat is still worth £x and the rent continues. Pretty sure that’s what I’ll do, hopefully have 4 or 5 flats and let that run alongside my modest personal pension.
 

·
Super Moderator
Joined
·
11,363 Posts
Does anyone have property as part of their pension pot?
.
Yes me, our business premises bought some years ago via a SIPP. Business pays rent into the SIPP. Had to be done with a Trustee Service to satisfy HMRC that the rent paid is in keeping with the area and property.
 
21 - 40 of 77 Posts
Top