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Farm Building and Infrastructure
Renewable Energy
What to invest in?
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<blockquote data-quote="Highland Mule" data-source="post: 7529259" data-attributes="member: 33090"><p>If your electricity bill is still £3k a year when you’ve got a 15kW turbine, I’d say you should be looking at why that is the case. I’m well under £1k a year with no generation.</p><p></p><p>As for the redundancy payment, I’d be speaking to an accountant about the tax issues. How old are you too? If close to mid 50s, and it works with your fund, might be worth throwing into your pension for a few years to avoid tax, and then taking back out as lump sum to trigger/ crystallise your fund before it grows too much.</p></blockquote><p></p>
[QUOTE="Highland Mule, post: 7529259, member: 33090"] If your electricity bill is still £3k a year when you’ve got a 15kW turbine, I’d say you should be looking at why that is the case. I’m well under £1k a year with no generation. As for the redundancy payment, I’d be speaking to an accountant about the tax issues. How old are you too? If close to mid 50s, and it works with your fund, might be worth throwing into your pension for a few years to avoid tax, and then taking back out as lump sum to trigger/ crystallise your fund before it grows too much. [/QUOTE]
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What to invest in?
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