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As a question why is pumping it into pension never given as a good idea?
I guess when we say ‘invest’ that could include stuff that’s wrapped in a pension.
Problems with pensions -
- the law can be dicked about with
- Can’t easily get the money back tomorrow
- you pay tax on (some) of the income (nice problem to have)
- Lifetime allowance (nice problem to have)
(Also agree with your point about this thread)
- the law can be dicked about with
Howard
I think a lot of it comes from when ppl are saying they will have a bit more liquidity and what should they do with it. If they were risk averse they would probably be overpaying their mortgage as standard practice or should do that. So if you’re coming to a thread like this I would assume that you’re looking for advice about how can I make that money grow but have some level of access to it and X profile risk.
As a question why is pumping it into pension never given as a good idea?