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Depends what your other income is and marginal rate of tax. Basic rate favours SIPP but of course you can adjust what you withdraw to minimise tax payable. With an ISA you can draw the full amount in one go for a major purchase, eg a property abroad without any tax implications.

Might be cracking advice but make sure you also seek professional independent advice

If that’s the case then it seems sensible to hold on, but check it out cos it could be too good to be true!

That sounds about right and it is the cap that is the issue under the circumstances the poster provides, not cpi. Whilst it’s tempting to leave your pension pot and lump sum to get bigger and bigger, why not take it when you want/need it so you can enjoy it, rather than trying to squeeze a few...

Not sure how cpi and inflation have any impact on the lump sum element of a DB scheme

Exactly. By playing the system, if you are a higher tax rate payer and stash away as much as you can in your pension in your final working years you can make a big profit in a short period when you take 25% tax free and pay low rate tax on the remainder. All this if you are 55 (might have gone up).

obv depends on your personal circumstances eg other savings, need to access cash, pension contributions to date, health, marginal income tax rate. An cash ISA is less risky but the returns are potentially lower. An equity ISA is more risky but with greater potential for growth (or loss). Both...

Or to post popular daytime TV programmes, Daily Mail articles and gardening tips.

I doubt he’ll do anything to pee off those planning retirement in the next few years.

I felt this about some of them but I wanted to move on and spend my time with people i liked talking about things I wanted to talk about, not to hear that “Isaac from Sales has reduced his hours” or “last week we started a deep dive on the dress code”.

Really interesting. I can’t say I’ve missed any of my former colleagues in the year since I retired

Like it or not, he has little choice. People are living longer and in general are more healthy. Many choose to work well into their 60s and beyond and good luck to them. It’s madness for these people to be given free bus travel, cheap rail fares, free prescriptions AND £200 pw - all paid for...

You’d better hurry up if it’s Sussex you want to watch!

I was thinking more of your Sungard pension fund and hope they haven’t done a Maxwell.

Sorry the hear that. I hope your pension pots are secure

Not if it’s the rugby playing type hooker 😀

Ha! And like my spreadsheet does it show how much you’ll be “worth” (or have left) when you pop your clogs aged 92 and a half!!

Spot on. How much I spend on the Albion was a bit of an eye opener (although not a surprise) but you have to be honest with yourself. It’s no good kidding yourself that you can get away with £50 on an away match (even if that’s what you tell the missus). I factor in a few city breaks and a...

Equity release (or lifetime mortgage) is right for some people but can be regarded as an expensive way of borrowing (your own) money, is fine if house prices continue to rise, and if you are happy that if you live a relatively long life there maybe little capital, if any to pass on to your...

Remember to factor in impulsive on line spending