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<blockquote data-quote="Netherfield" data-source="post: 7450892" data-attributes="member: 6536"><p>I've got a pension, started when employed, thence becoming a partner it had to deferred. When I was 60 it matured there was aroung £27k in the pot, and it would pay out Just over £800 a year. Had it been under IIRC £23k I could have taken the sum as a whole without tax, over that and tax to pay if all taken out. Accountant advice was to leave it where it was and it could at least grow a bit more, and that my widow or daughter could draw it on my death tax free.</p><p></p><p>Other than that we survive on rental income from land and some properties both bought and inherited over the years, along with savings from selling a little for building.</p><p></p><p>If really hard up I could always sell bit more land here and there.</p></blockquote><p></p>
[QUOTE="Netherfield, post: 7450892, member: 6536"] I've got a pension, started when employed, thence becoming a partner it had to deferred. When I was 60 it matured there was aroung £27k in the pot, and it would pay out Just over £800 a year. Had it been under IIRC £23k I could have taken the sum as a whole without tax, over that and tax to pay if all taken out. Accountant advice was to leave it where it was and it could at least grow a bit more, and that my widow or daughter could draw it on my death tax free. Other than that we survive on rental income from land and some properties both bought and inherited over the years, along with savings from selling a little for building. If really hard up I could always sell bit more land here and there. [/QUOTE]
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