Investments - Strategies, Ideas, Options & advice

[Backache]

To be slightly fair to the press and this post is not party political as it is done by governments of all colours. Often ideas are floated through the press to see how popular/unpopular they might be and sometimes so that people are a bit relieved to see things are not as bad as expected when the announcements are made.

 

[PJ87]

To be slightly fair to the press and this post is not party political as it is done by governments of all colours. Often ideas are floated through the press to see how popular/unpopular they might be and sometimes so that people are a bit relieved to see things are not as bad as expected when the announcements are made.

It's when they report it as fact and advise people what to do to avoid it .. then turn round and say it's a gov fault for not ruling it out

No it's their fault for reporting misinformation

 

[Backache]

I guess I have not read all the papers by a long way but of those that I did read I don't recall any saying that something was definitely going to happen just that it may and ways to avoid it were xyz.

 

[PNWokingham]

Slightly linked to this thread, but what do people think about overpaying on mortgages? I often read that it is a bit silly because long-term, it's better to put that money into your pension. However, I just love the idea of being mortgage free and so we've been paying off the maximum allowed for the last 2 or 3 years (10% extra per year), and we will continue to do so until we're finished with it.

i think it is a very good thing - to me the three priorities are: 1. reducing/ eliminating debt; 2. Pension savvings and 3. ISA savings - not in any particular order and i think you need to spread among the three

 

[PNWokingham]

The press have a lot to answer for. Now their moaning that people took money out their pensions to avoid it and have lost out

Maybe don't spread fake scaremongering stories then!

Gutter press

that is wrong - the options here wer proposed by left-leaning think tanks and were seriosuly considered by Reeves. The problem here is that she and the government did not dismiss those rumours when they were sure that they were not happening - that is bad management and the blame is firmly on them not the press (all press not just who you deem gutter).

I am still concerned that negative pension changes could happen in the coming years - what we needed was a commitment for this parliamnet that they would not change pension tax relief and tax free allowances

 

[PJ87]

i think it is a very good thing - to me the three priorities are: 1. reducing/ eliminating debt; 2. Pension savvings and 3. ISA savings - not in any particular order and i think you need to spread among the three

Have to admit I just use my ISA as normal savings for things like my car payment

I split my other payments between pension, AVCs and then I do over pay, only £80 a month but does help

 

[PJ87]

that is wrong - the options here wer proposed by left-leaning think tanks and were seriosuly considered by Reeves. The problem here is that she and the government did not dismiss those rumours when they were sure that they were not happening - that is bad management and the blame is firmly on them not the press (all press not just who you deem gutter).

I am still concerned that negative pension changes could happen in the coming years - what we needed was a commitment for this parliamnet that they would not change pension tax relief and tax free allowances

I'm afraid we will have to disagree on this. It's gutter press at its worst. Asking any mp "are you going to do this" but then them not ruling it out does not mean it's happening. It's the standard of the press now (both sides)

 

[PNWokingham]

It's when they report it as fact and advise people what to do to avoid it .. then turn round and say it's a gov fault for not ruling it out

No it's their fault for reporting misinformation

i never saw anything saying that these things would happen - pleanty of speculation that she was seriously considering it and that is definitely true

 

[PJ87]

i never saw anything saying that these things would happen - pleanty of speculation that she was seriously considering it and that is definitely true

Saw plenty of "guides" on what to do to protect your money and "act now"

 

[PNWokingham]

I'm afraid we will have to disagree on this. It's gutter press at its worst. Asking any mp "are you going to do this" but then them not ruling it out does not mean it's happening. It's the standard of the press now (both sides)

the budget is one of the biggest events that can affect many people throughout the country and speculating on what will happen is obviosduly a key topic in the press in the lead up to the event. That is just plain normal and not gutter journalism

 

[PNWokingham]

Saw plenty of "guides" on what to do to protect your money and "act now"

of course there was - financial advisers have to be on the ball to advise clients what might happen - not what will but what is definitely possible, as it was. Just a shame that Reeves could not see that this was obvious and many people acted on it

 

[PJ87]

the budget is one of the biggest events that can affect many people throughout the country and speculating on what will happen is obviosduly a key topic in the press in the lead up to the event. That is just plain normal and not gutter journalism

Speculation yes but anyone from any particular party not ruling it out doesn't mean it's not going to happen

For example they asked Wes streeting about it, he doesn't know what reeves will do. It's her departments budget , yes he is a minister but until she's set out the budget nothing is set in stone and even then needs voting through the house

 

[Bunkermagnet]

This wasn't gutter press, but respected financial commentators and experts on the radio.

 

[PJ87]

This wasn't gutter press, but respected financial commentators and experts on the radio.

Anyone commenting publicly to a mass audience and fear mongering about the budget before it happened was very irresponsible

 

[howbow88]

It's always interesting to see that politics is a big no no on this forum, yet political criticism in one certain direction appears to be allowed.

 

[PJ87]

It's always interesting to see that politics is a big no no on this forum, yet political criticism in one certain direction appears to be allowed.

Often unfounded aswell, always criticism of what might happen rather than what actually happens.

 

[PNWokingham]

Might be worth a listen if interested in pensions and isa's and bpros and cons

 

[PNWokingham]

One thing on my work pension that i only found out about 4 years ago was that i was allowed to transfer money out into my SIPP - i now take advantage of this every couple of years by moving investments to cash in work scheme and transfering almost all of it into my SIPP so i can mange it much easier and aceess all investments not just the limited number in the work scheme

 

[Springveldt]

I cant help but think there's too much assumption that the tax free lump's you're able to take out of a private pension will stay. I would think its will stop, as well as the retirement age increasing to 70.

If I retire early I wouldn’t want to take the lump sum anyway as I’d rather leave as much as possible in my pension and draw it down. I think it’s been proven that taking the lump sum isn’t great for the long term if you retire early.

 

[PJ87]

If I retire early I wouldn’t want to take the lump sum anyway as I’d rather leave as much as possible in my pension and draw it down. I think it’s been proven that taking the lump sum isn’t great for the long term if you retire early.

I think retirement age long term needs to raise to 70 (especially for my generation) when the state pension came in the average life expectancy was what 10 years after it kicked in? Now people live longer .

The tax free will prob go, if it did I'd just leave in my pot as more of a draw down . A lot of people however have planned to use it to pay their mortgages off which I've never wanted to bank on as anything could happen in the next half hour let alone the next 20 years