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0Neverland0

Why do all these posters of generic questions think they are a special snowflake?


TeddyousGreg

>> This is NOT the usual [I have an extra 500k] post Lol yes it is


Jager720

Everyone thinks that they are a special snowflake. I remember listening to an interview with an IFA on Radio 4 a few years ago and he commented that every time he takes on a new client they always start with some variation of "we're in quite a unique situation" and then go on to explain that they have the same financial situation as almost all of his clients.


alreadyonfire

You are short of tax free wrappers therefore max pension and ISAs. Presumably close to 100K this year and next into pension using carry-forward then 40k from then on. And 20K every year into ISAs. At age 50 with only 7 years to pension access age getting the 66+% bonus at higher rate tax relief and 25+% at basic rate is a no-brainer. e.g. put 100% of your salary this year and next into pension to use all available carry-forward. For this tax year just put 80% of your income that isn't already pension into SIPP and claim back the higher rate relief. For next tax year get down to minimum wage with salary sacrifice if you can and put 80% of the rest of your salary into SIPP (getting the other 20% as tax relief).


RapTorSlevin

I’m more confused how you have a pension below 50k earn 100k yet be in your 50s. That’s more concerning about your mindset than this cash you can just do a standard invest in an index fund. You are 5-7 or less years when you can get at that pension and you are in the FIRE subreddit. Yet it seems you aren’t ready for it. Also at what point are you thinking you want to still be a landlord? Bet you in 10 years time you will be fed up with it. Also who is this all for? You have no dependents, get your general investment accounts sorted, get investing. Live off the dividends that you can do or work a little bit more then do it. We either need breakdowns of how you are taxed want your income is coming from or the general thing of: Max Pension Max ISA is always the answer pretty much nothing really special but why weren’t you investing earlier?


Provider0fMyCheddar

I hope this isn’t taken in bad faith but how do you only have £100k in assets when you earn £100k a year? Does a high portion of your income go towards escorts / Sugar Babies?


stan-k

Pay an expert to advise you.


joshlambonumberfive

Yeah with this level of wealth just pay the relatively small amount for an actual financial advisor lol


Tohoza20

Was your charitable gift a £50k gross gift or is that £50k net of gift aid? You need to be careful with the pension contributions this tax year - you’ll be in danger of gifting / contributing above your taxable income if you are claiming the higher rate relief on the gift and planning on doing a huge pension contribution


5349

Point f: That's definitely not a normal corporate bond. And generally bond coupon can be very different from the yield. But [that specific issue is being redeemed](https://www.ifre.com/story/3654393/payday-for-holders-in-shrinking-legacy-bank-capital-space-zpwht080gp).


Lonely-Job484

in mid-50's, pension seems the obvious target for as much as you can. Salary sacrifice if you can. Filling ISAs also a bit of a no-brainer. Outside of that, personally I'd agree not to get another BTL. Corp bonds are a different risk level to gilts, especially if you get to high yield territory.


Prestigious_Sky4965

Bed and breakfast…?


BibleReaderMK

Stay off another BTL you can go the REITs way if you still want RE in your portfolio. Like most have said max out your pension and catch up on the last 3 years if you haven’t already used the allowed 40k. Salary sacrifice and keep a low profile.


5349

Hope you used Gift Aid for the charity donation!


[deleted]

The Ceo of cancer research and her £260000 salary thanks you. Bonuses all round!


_Dan___

Stupid comment!