Darlo1973
Striker
I'm far off being an ISA millionaire but I've still done well enough out of them to support myself for a few years between when I want to stop working and start drawing down on my private pensions.
-
The forum upgrades are now largely complete.
Please read this thread for more details.
New user registrations are currently disabled.
Retirement
- Thread starter Shieldsman
- Start date
I'm far off being an ISA millionaire but I've still done well enough out of them to support myself for a few years between when I want to stop working and start drawing down on my private pensions.
42
Striker
What do you mean by that you've missed the boat?
Still toying with going next year, but more likely to be 2026. One more year of building up the savings and pension, just in case.
Swings & roundabouts.
Vauxie
Striker
Aye,dont want a banana slide type investment though.
Paddy O'Dors
Striker
Currently in the Sheepfolds Stables necking a few Pit Pony beers. Class being retired.
gazza.1990
Striker
Anyone know what the secure limit is for S&S ISAs?
ie up to £85k is protected in cash savings, what about stocks and shares of the company you are using goes bust? I assume you would still have the underlying shares in XYZ somewhere?
ie up to £85k is protected in cash savings, what about stocks and shares of the company you are using goes bust? I assume you would still have the underlying shares in XYZ somewhere?
Vauxie
Striker
Beer,cask or real ale or is it a guest ale?
Darlo1973
Striker
£85k is the FSCS scheme covering the failure of your institution but in reality if a firm was to collapse then it would be extremely likely that the government and Bank of England would stepin with a complete bailout as happened during the 2007 as happened with Northern Rock and Royal Bank of Scotland
Many people will have investments well over £85,000 in ISAs and pensions.
Barista
Midfield
If you are with one of the big brokers such as Hargreaves Lansdown, AJ Bell etc then I don’t think it’s something most people need to worry about. If your money is invested in an individual share, fund or ETF then that share/fund will still exist even if the broker went tits up. The bigger risk is that the fund you are invested in is a dog and underperforms the benchmark/market and you lose money that way.
Some people are ultra cautious and split their money between different brokers, but I don’t think the extra hassle is worthwhile. It’s a lot easier to manage your money imo if it is all in one place.
Paddy O'Dors
Striker
Pit Pony lager for me. Was a decent beer tbf.
They had three other Vaux beers on, Samson, a dark fruit cider (not Strongbow) and a few other beers (including stout). Dunno if they were cask, keg or real tbh, I'm not a dark beer drinker.
Always find it a bit odd these places only have one lager on and a dozen or so other beers, but the lager option will account for the largest proportion of their sales by a country mile.
Vauxie
Striker
Aye would be lager for me like anarl.
As a non lager drinker it's refreshing, literally, to see that. I'm used to going in bars with 10 pumps - 6 lagers, one or two ciders, Smiths/boddingtons/caffreys and Guinness. Might find the odd Camden Pale or Neck Oil.
Barista
Midfield
That was my plan when I wasn’t sure that I’d continue until 55. In the event, I just managed to make it to 55 and then pulled the trigger. So now I am taking £12500 from SIPP annually to avoid paying income tax, and top this up with money from my ISA.
HL being bought out by a Private Equity mob, aren’t they?
You must be logged on to see external links
Paddy O'Dors
Striker
There's a happy medium somewhere, but of the 50 or so people in there a quick scout at the tables showed about half were drinking the Pit Pony.
The bars that sell lots of lagers, John Smiths and a Strongbow tend to be a bit of a dump in the main.
Darlo1973
Striker
I'm 52 now and still trying to keep my options open. Ideally 3-4 more years at work and then get a nice redundancy package as by then I will have 10 years of service with my current employer.
Ned Land
Winger
I’m a similar age, I was a bit too young to apply for a recent round of redundancies.
Some fellas are close to 60 and have gone a few years earlier with 9 months worth of annual salary. The local government pension has fewer reductions if you retire at 60+.
Edit: the challenge for me in retirement will be to enjoy spending ££££ instead of saving/investing.
Last edited:
Paddy O'Dors
Striker
Just been reading about Britain's oldest gadgie John Tinniswood. He retired in 1972 and has spent more time retired than he did working (45 years). Probably people on this thread who weren't even born when he called it a day on his working life.
