I agree completely Clubman. I think @Marc had a brilliant idea for a thread: when should one start thinking about retirement (and how often should you review it).I started reading this thread hoping to learn something about some of the stuff mentioned in the first few posts
I think it's make for an interesting thread if we could try again, and if anyone wants to discuss what colour folders their advisor / planner has (or if they need one) they can come back here.
Huh?
So does anyone have any advice for a late arriver in the pension world.
If someone, aged 55, no pension, but now with spare cash, earning 75k, is looking for a secure, no risk 10 year plan, to save the maximum allowed by revenue, (35% of salary for 5 years, then 40% of salary for 5 yrs) avail of the 40% tax allowance and build a reasonable fund, what is the cheapest option available?
He doesn't particularly want to pay anything, because he is, basically, just looking for a cash fund, but the current rules mean that he has to go into a pension company and pay them 15-20k for doing what Mary down the Post Office would do for nothing. But thems the rules, so, until things change , what would people advise?
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