25% lump sum tax free .
Pension or property
- Thread starter Grassman
- Start date
- Location
- Lincolnshire
History says not, apart from blips.
Deutzdx3
Member
Not read any replies, only your initial question. I’m 36. No interest in a pension. Think you pay in a lot for not a great return. I have a couple rentals which pay the mortgage and provide an income. Push comes to shove can sell them and walk away with a nice lump sum. A lot more than I would have in a pension paying into it over 20 year period. Rents are really high where I am so I’m lucky what they yield each month is very good. Looking to buy more when the market crashes again.
- Location
- Lincolnshire
Govt always bail out the majority.
And policy is based on ever increasing house prices. No idea what the average price Vs average earnings are, but you can be sure they will chuck money at "schemes" for new buyers before they do anything to curb house prices.
And policy is based on ever increasing house prices. No idea what the average price Vs average earnings are, but you can be sure they will chuck money at "schemes" for new buyers before they do anything to curb house prices.
what % do you get on your investments?
- Location
- South Wales UK
If your employed you got to pay into a pension I think.
Self employed up to you.
Self employed up to you.
Ex council houses are making 250k here ,,,, wtf
- Location
- South Wales UK
Maggie's gift for 10k as well most probably???
- Location
- Lincolnshire
40 years and they will be £1m
- Location
- South Wales UK
And a barrel load of money for a loaf of bread is it???
you are auto enrolled, but can opt out.
Deutzdx3
Member
Mortgage £500 and £550. Rent out for 1250 a month and 1210 per month. Bought for 182k worth 345k as of 30-1-2021 and 362k.
Give up farming
- Location
- South Wales UK
NI contributions compulsory for state pension if still there, if we get there??
- Location
- Lincolnshire
No, because wheat will still be £160/ tonne, history also proves that.
it depends where the market will go.
1250 a month on a house you paid 182K for give roughtly an 8% yield.
However, if you bought it today, its only 4% yield. This is OK if your getting capital growth, but you never know what will happen.
From a personal persepctive, it seems crazy that people spend 1250 a month on rent. That is a LOT of money. The average salary in the UK is circa 25K. Housing costs a large proportion of peoples income.
Deutzdx3
Member
Only hobby farm to be honest. Manufacture machinery and paint cars as my main business activity.
- Location
- Lincolnshire
Where I am rents are less but so are the houses, look on rightmove, what they quote for monthly mortgage payments is usually also the rental price, and there is no shortage of tenants, most never get to see it before a good tenant is found.
ollie989898
Member
I can't see it is sustainable for much longer. There are a myriad of industries complaining about the shortage of labour but unless you are earning 25K plus how do you even afford these rents? It is crazy. We will end up in the same situation as places like the UAE where some other collection of people of another nationality do all the actual work.
Deutzdx3
Member
It is stupid amount of rent. We live in Kent. 45 mins into Charing Cross on a mainline commuter route. Prime location by accident. Nothing is buy to let, all capital repayment mortgage. Will pay off another chunk this year and the mortgage will drop to around £400 ish a month. Keep chipping away at it. Even if it does drop value wise it’s no bother as I’m not looking to sell. Only buy another when the market does drop.