MancunianStacker

They can just print more money to cover your losses.
Nobody said the £ they guarantee will be worth the £ you deposited 😂 

Yes invest £120k on your 52nd birthday, don’t invest it, keep it in cash, then take out 25% (of the new larger fund - post Govt contribution) tax free cash at age 55.
The Govt pays in a nice wedge for you. If you have the cash to put in that is. Then set up a drawdown and take all the cash out over the years as an income. Don’t even need to be invested in equities or bonds whilst it’s in there. My brothers doing similar and waiting for a crash before investing his pot. 

Yep, i use a SIPP and a workplace pension - ours seems to be a pretty decent scheme so i maximise the contribution to get the most free money from the employer.  leave some in and then transfer across when i have something i want to invest in through the SIPP.  Also keep in mind gross income + bonus and the 40k threshold to try and avoid hitting tax thresholds.

Yes invest £120k on your 52nd birthday, don’t invest it, keep it in cash, then take out 25% (of the new larger fund - post Govt contribution) tax free cash at age 55.
The Govt pays in a nice wedge for you. If you have the cash to put in that is. Then set up a drawdown and take all the cash out over the years as an income. Don’t even need to be invested in equities or bonds whilst it’s in there. My brothers doing similar and waiting for a crash before investing his pot. 

I’ve never paid into a pension unless my employer matched it £ for £. Wasn’t in those employments long so mines all in Property and Gold. I sleep fine too 😉 

Worth noting you get the same tax breaks with a SIPP a 40k per annum tax exemption which can be backdated 3 years if unused.

Yes that's right. But I'd rather have my wealth where I can access it rather than it being locked away for years in a pension fund or similar investment.  
Besides my own investments (mostly property and gold) have probably outperformed pensions and any associated tax benefits they would have offered me so I'm still quids in by opting out. Also I want my money kept safely outside of the financial system in case there’s another 2008 style financial crash or worse.

Fair enough. It makes sense if you're paying for the health and life insurance. Then again if there’s a big enough financial crash most of the insurance policies could end up being toast too but that would onlybe a problem if you needed to make a claim during the crash so not something to worry about really.

Aren’t you missing out on some pretty big tax breaks by doing this.  Even if you don’t like your workplace pension you can still get the pre-tax benefit and then transfer to a Sipp to invest in most things? 

Pensions are a long term sophisticated Government scam/trap at keeping you under control and poor throughout your working life with a worthless pot of Fiat at the end of it when your to old to blow it having a good time 😆
Oh nearly forgot to add Gold to the moon next week 😉

Where I work it's kind of worth it just for the death in service insurance. I am worth more to the missus dead than alive. My father opted out and my mum got nothing, she would have been set up for years.

They ?? The 1% Filthy Rich , Will Reset the System and we may get some crumbs ?? Be Prepared for ANYTHING !!!!!!!
 

Reminds me of a gift card we received one Christmas with a healthy amount of credit on it and was put away in a drawer and forgotten about. A few years later we tried to spend it. £12.50 left. Never used. What happened? The company running the gift cards scheme deducted a fee from the remaining amount every month/year it wasn't used after the first 12 months. If we'd waited any longer we'd probably have gotten a county court summons for dept accrued. 😆
 

That’s not cash, it should be invested in Bonds and Equities etc. 

They can just print more money to cover your losses.
Nobody said the £ they guarantee will be worth the £ you deposited 😂 

They can just print more money to cover your losses.
Nobody said the £ they guarantee will be worth the £ you deposited 😂 

Bank Bail ins is where I think we could go like Cyprus in 2013. Have no debt, hold physical gold and physical cash. That’s me for now. You don’t hold it you don’t own it. Any money in an account is a bank asset. You don’t own your account. 

The other side of it is that we have a lot geo political issues happening all at once now and on top of that inflation. 
Debt is the big problem going forward plus with central banks buying record amounts of gold it may not be as bad for gold.. I could be wrong. 

Never a truer word posted.
Physical assets. Period.

I don’t trust the guarantee either the FDIC has 2 cents to every dollar to cover deposits so the bigs will get there money 
Why I have some cash. 

Guys I might be wrong but long term yes 100% agree physical assets way outperform cash but in a period of tightening surely things reverse somewhat for a short period maybe 12 - 24mths

China, Iran and the Saudis is interesting as is the US bank but the majority don’t see this as affecting their everyday life. 
The every day British person (whether born here or legally entering and getting Naturalised and a Passport after paying £7,500 in Visas and doing the process right) doesn’t want to hear Lin going on about Britain being compared to Nazi era Germany. 
The every day Brit is worried about where their kids will live one day and why they can’t buy a house or even get a hotel room in another town.
We need immigration and I agree with it, after all the old age pension is a Ponzi scheme and we need fresh meat at the bottom of the pyramid. I’m not a balding, middle aged racist but I am bald and middle aged.
My wife is a non European immigrant and is enraged 😡 with it all and can’t believe what a soft touch the UK is. She was asking what is wrong with France and every other country and I had to explain that English is most countries 2nd language including hers, so where would she want to go if she had to risk her life? 🇬🇧 of course! USA is too far away and Australia 😂 (that’s my retirement destination - maybe if they’d take me 😂). I don’t blame people wanting to leave these countries but don’t use safety as a cover.
The lefties have a lovely rose tinted outlook on life but when reality kicks in (and the Celebrity lefties and ex-footballers with Millions in their bank and houses in 5 countries can just up sticks and leave 🇬🇧 with 24 hours notice), they might have wished they thought about it first 🤔 Most Brits will have to live here until death, it’s going to become a hell hole within 20 years. Try doubling the UK population in 20 years. It will happen unless they get a lid on illegal entry. 🤦‍♂️ We are an island nation!
Where do we put unlimited immigrants? Who feeds them? Who wants their tax to go up to pay for it? How do we create enough jobs to stop us being taxed more? Who thinks we are a horrible racist country after helping Hong Kongers and Ukrainians (legally) plus many others?
I think Rishi Sunak will make this the main political point over the next 2 years to win over Labour. I’m expecting lots of news about immigration murders and the Terrorism will be coming back but worse than before. Remember the Manchester Arena 💣 wait until something like this hits London and the voters get scared! Labour has no answer for immigration, just say they’d be better at dealing with it 😂 How???
Rant over.
PS - not ranting at you @BigMac at all. Just got me thinking about the MSM and why this Lin story got so much attention. If it’s in the news it will help a Govt hard on illegal immigration look better to most voters than a soft Leftie govt. Maybe I’m wrong 🤷‍♂️ 

The government bank Guarantee Scheme keeps most people’s cash secure and less likely for anyone to bother or even care about a run in the UK these days. Most don’t have £80k sat in one financial institution.
Inflation is the real killer to your cash security 

I’m sticking with Gold and Property.
Minimise cash in bank and stocks.
All in physicals.
Back to Gold!! sorry all 

The government bank Guarantee Scheme keeps most people’s cash secure and less likely for anyone to bother or even care about a run in the UK these days. Most don’t have £80k sat in one financial institution.
Inflation is the real killer to your cash security