What tax bracket are you in?

If you are a 40% tax payer you'll get the 40% tax relief, Which is nice? The good thing about these is the annual fee is only one and a half percent, then one percent after 10 years which in todays pension markets is very good! Your minimum payment has to be ?20 a month, When it comes to retirement you can take 25% of the fund out, tax free. . which can always come in very handy when it comes to retirement. If memory serves you have to start drawing it by 75, earliest you can start is 55. Although it might be worth waiting a little bit to see what the goverments new personal accounts scheme is like mate. Hope that helps

Posted By: Alan on October 5th 2010 at 14:57:44

Message Thread

Any IFAs about? (General Chat) - Arganth, Oct 5, 14:25:39
- What tax bracket are you in? (General Chat) - Alan, Oct 5, 14:57:44
  - Well you'd still get the tax relief. . . (General Chat) - Alan, Oct 5, 15:11:59
  - I am very far off the 40% bracket. (General Chat) - Arganth, Oct 5, 15:01:58
    - Look above, posted it in the wrong area. (n/m) (General Chat) - Alan, Oct 5, 15:13:33
- You get tax relief on any payments I think. So the tax you wold of paid on the amount you (General Chat) - jafski, Oct 5, 14:43:52
  - Also bear in mind that once housing is paid for and kids maintenance is paid for... (General Chat) - Arganth, Oct 5, 14:45:16
    - No, tru dat. Sadly the days of final salary pensions are fading fast. (n/m) (General Chat) - jafski, Oct 5, 14:46:54
      - Mine is shining bright like a star in the night.... (General Chat) - Arganth, Oct 5, 14:51:05
        
        That is so unfair. Kids will have well left home by the time she gets her claws on that. (General Chat) - jafski, Oct 5, 14:55:50
        
        It was my only asset left in the UK... (General Chat) - Arganth, Oct 5, 15:04:11
        
        Still though. Fucking hell. It's not like you were an absent non-paying parent. (n/m) (General Chat) - jafski, Oct 5, 15:11:48
        
        I was absent as I was in France. (General Chat) - Arganth, Oct 5, 15:15:37
        
        Yes but not absent as in - not interested or paying. (n/m) (General Chat) - jafski, Oct 5, 15:16:44
        
        Like Angus's dad ? (n/m) (General Chat) - Arganth, Oct 5, 15:20:40
        
        Exactly. (n/m) (General Chat) - jafski, Oct 5, 15:28:37
        
        innit (General Chat) - Steve in Holland, Oct 5, 14:59:12
        
        How can that be right though? It can't can it. (n/m) (General Chat) - jafski, Oct 5, 15:03:57
        
        suppose the logic is that (General Chat) - Tricky Hawes, Oct 5, 15:13:47
        
        That was the case. (General Chat) - Arganth, Oct 5, 15:19:41
        
        Twisted logic. She could of worked the lazy cow. But oh no, she preferred sitting at home (General Chat) - jafski, Oct 5, 15:16:00
        
        Lol she used to check up on me on here... (n/m) (General Chat) - Arganth, Oct 5, 15:20:12
        
        did you ever own a rabbit? (n/m) (General Chat) - Ralf Scrampton, Oct 5, 15:25:59
        
        Now you come to mention it... (n/m) (General Chat) - Arganth, Oct 5, 15:35:44
        
        Neither can it be right when a woman is not allowed to take nothing... (General Chat) - Steve in Holland, Oct 5, 15:06:37
        
        The first time around, the ex took what she came with. (General Chat) - Arganth, Oct 5, 15:13:01
        
        It's an entire industry, intut. Vultures. (n/m) (General Chat) - Steve in Holland, Oct 5, 15:16:56
        
        No. Indeed. (n/m) (General Chat) - jafski, Oct 5, 15:12:11

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