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<blockquote data-quote="capfits" data-source="post: 6692770" data-attributes="member: 15206"><p>You would need a fund of circa £300000 to pay tax after your retirement if you retired today. (£12500)</p><p>Assuming no growth (a possibility) this could be achieved as a basic rate tax payer with £240000. A few other things to think about like how much you can actually get tax back on per year</p><p>Looks a no brainer to me if you can put the money aside. Even borrow the money in few years before retirement?</p></blockquote><p></p>
[QUOTE="capfits, post: 6692770, member: 15206"] You would need a fund of circa £300000 to pay tax after your retirement if you retired today. (£12500) Assuming no growth (a possibility) this could be achieved as a basic rate tax payer with £240000. A few other things to think about like how much you can actually get tax back on per year Looks a no brainer to me if you can put the money aside. Even borrow the money in few years before retirement? [/QUOTE]
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