Owning your own home

It had better be, it's paying my mortgage.

#circleoflife

Probably only an issue in the West Country

Damn!

May be a bit late to the party but I have used this excel spreadsheet in the past to compare different mortgage deals to get my head round what works better.

http://www.locostfireblade.co.uk/spreadsheet/Index.html

Found on this thread of MSE

http://forums.moneysavingexpert.com/showthread.php?t=1157173

No idea how long they have been using them but I did notice it when I got the first email.

Return-Path: <naveling@glazerdelmar.com>
Received: from outbound1.dps-net.co.uk (mail.dps-net.co.uk. [62.232.84.130])
        by mx.google.com with ESMTPS id t185si2747292wmg.54.2017.06.27.08.17.06

https://www.dpssoftware.co.uk/ - website down - LOLZ

glazerdelmar.com. 2614 IN MX 10 mail.dps-net.co.uk.
glazerdelmar.com. 2614 IN MX 20 mail2.dps-net.co.uk.

No SPF record and no DKIM signature.

@Dammit - crikey, won't tell you how much my mortgage is and it's repayments! It's making me blush....ooooo eeerrr!

the bank that hosted the bad actors' account

Report their lack of giving a shit to the FCA. A multi-million pound fine might make them change their mind.

It probably doesn't even need to be shown as being negligent - The regulator has leeway to impose massive fines on banks for just being a bit shit.

If you're within a decent period of retirement (10 years), I think the best thing to do is bury any overpay in to a SIPP, take the 20% uplift (tax rebate) and then pay off the mortgage with the 25% tax free drawdown. Ezy gainz.

I understood each one of those words individually.

If you're within a decent period of retirement (10 years), I think the best thing to do is bury any overpay in to a SIPP, take the 20% uplift (tax rebate) and then pay off the mortgage with the 25% tax free drawdown. Ezy gainz.

I'm old, but not quite that old, yet.

you get tax money back from the gov when you pay in to a pension. Instant 20% gain versus any other investment. Wait until 55, take 25% out tax free and pay mortgage off with the lump.

Things to look forward to....

Interesting, but doesn't taking the 25% out tax free trigger the start of the pension payments?

(Not really relevant in my current situation as I should have my mortgage paid off by the time I'm 52.)

Thanks for that suggestion.
Different circumstances, but can gain from a Government funded lump sum in 10 years time.

Presumably one needs to find a broker to set up a SIPP.
Any recommendations?
The only firm I have had any contact with, in the past, was Hargreaves Lansdown,
but, with their founders' support for brexhit they will never profit from the sweat of my brow.

#boastpost

good table of online brokers here : http://monevator.com/compare-uk-cheapest-online-brokers/

You can take the 25% and leave the rest to carry on accumulating. It's only if you buy an annuity or similar that triggers monthly fixed payments. Gideon removed the whole annuity racket allowing pensioners the option to pick what they felt was the best option.

This is a good article on providers.

http://www.thisismoney.co.uk/money/pensions/article-4041312/What-cheapest-Sipps-200k-pension-pot.html

Don't you pay income tax on it when you take it out?

Not the 25%, if taken as a lump sum.

Not on the first 25%.

your a lump sum

Is there an upper limit on what you can chuck in a SIPP?

Off top the financial thread I go...

40k a year

although is you're also contributing to a workplace pension then you have to take that into account

There's a conservative councillor leafletting at the moment who's loudly anti-mini Holland but PRO CYCLING which doesn't really mean anything, it's like saying you're pro-immigration then building a wall around the coast and banning all flights into the UK. He must know his party is toxic at the moment as the Conservative Party logo is really tiny at the bottom of the leaflet. He's running against the Labour shoe-in. Valiant but pointless.