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Craig • 6 years ago

Hi,

Can I ask for your thoughts about pensions withdrawl in the future.

If in the future it's still possible to withdraw 25% tax free at 55, is there anything to stop me from increasing my contributions, avoiding the tax on payroll and taking it later as part of the tax free amount ? I understand the £40k annual limit and I'm currently outing around £30k in per annum (inc employers contribution)

I have a few more years to go, currently achieved 33% of my retirement goal for FIRE

Thanks and apologies for the question on this thread.

Appreciate I'd need to take professional advise, just wanted to ask this board.

Craig

TallGuyFi • 6 years ago

It was a refreshing review of the monthly stats. Both pension and isa's rebounded and with continued investment its made the position look a lot better.

Similiarly i have no idea what the future holds with the disaster that is 2020 so its a case of just keep doing what i am doing.

Look forward to the interview update

SavingNinja • 6 years ago

Yeah, by this point, NO idea what's going to happen next :)

The Squirreler • 6 years ago

Great progress - you were lucky with those Tesla shares - well done - what's the news !?

SavingNinja • 6 years ago

Sooooon the news will be out! And the blog will be changed forever!

Hey congrats on breaking even SN. I slipped back under the 100K again and still have not recovered yet.

I have no idea about what your exciting news may be about, you are teasing me! hehe ;)

Focusing on personal growth sounds like a the clever thing to do right now, so well done on that.

SavingNinja • 6 years ago

You get to celebrate all over again!

Haha, the news will come out soon, just confirming everything. Or if you can't wait then DM me ;)

haha I can't wait but I'll wait. Let's make it exciting! :D

weenie • 6 years ago

Did you see the SpaceX rocket? I was so awed by it that I didn't take a photo as it would have been brilliant, just as it was passing the moon!

Great update and great gains with Tesla - even my little slice (bought at the wrong time when he had that Twitter meltdown!) is upn 15%!

Like @Nick, I already know about your exciting news but I want to know more details! ;-)

SavingNinja • 6 years ago

I didn't! Super jealous that you did! We tried to look out of our skylights but the sky was really white down south, must have been clearer up north :)

I need to start writing some longer posts, there's been so much going on lately with the news and not being on a train commuting that it's been hard to focus on any substantial writing.

Nick • 6 years ago

Another £10K month! Not bad ;)

I'm seriously trying not to look at the market right now. The experts are all over the place. Nobody has a fucking clue about what's going on :P (QE is fucking it all up).

So are you planning to keep the Tesla shares you have now, or will you continue to buy/sell (I don't know the technical term for it? :P ).

Looking forward to hearing the exciting news! ;) (oh, wait - I already know! m00hahahah).

SavingNinja • 6 years ago

I'm planning on keeping them, I've lost the courage to try and trade them anymore after they shot up again! Plus..ahem...new tax purposes may hinder trading by a bit.