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<blockquote data-quote="Brisel" data-source="post: 7450858" data-attributes="member: 166"><p>A pension is only tax deferred. Other than the lump sum you can take out, you're taxed on the income as you draw it down. At least you have a bigger sum to invest to start with as the taxman gives you some back to start with.</p><p></p><p>I'm fortunate to have both property and a pension but I'm an employee in a tied house, so thought it important to have some bricks to live in if necessary. I fully expect the Chancellor to have a bigger draw at both in the future but at least the house has a bit of capital growth, rental income and my pension averaged 8% pa since I started it 15 years ago on a high risk profile.</p></blockquote><p></p>
[QUOTE="Brisel, post: 7450858, member: 166"] A pension is only tax deferred. Other than the lump sum you can take out, you're taxed on the income as you draw it down. At least you have a bigger sum to invest to start with as the taxman gives you some back to start with. I'm fortunate to have both property and a pension but I'm an employee in a tied house, so thought it important to have some bricks to live in if necessary. I fully expect the Chancellor to have a bigger draw at both in the future but at least the house has a bit of capital growth, rental income and my pension averaged 8% pa since I started it 15 years ago on a high risk profile. [/QUOTE]
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