tag:blogger.com,1999:blog-7336434292024806907.post6767510581689245270..comments2023-06-11T16:53:03.562+01:00Comments on Keeper of the Cauldron. : Time to Switch to Auto PIlotCerridwenhttp://www.blogger.com/profile/09113285657493048091noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7336434292024806907.post-5744789557477583422015-08-31T08:00:33.600+01:002015-08-31T08:00:33.600+01:00An advantage of having lots of time for the value ...An advantage of having lots of time for the value of your investments to fluctuate is that you don't have to be so concerned about preserving capital. We're on the verge of needing a fair amount of cash (although the bulk of ISAs probably won't be needed for many years yet) so sticking to plan and not re-investing the funds we've just taken out is key. Tempting though it may be ...Cerridwenhttps://www.blogger.com/profile/09113285657493048091noreply@blogger.comtag:blogger.com,1999:blog-7336434292024806907.post-24129607662696305792015-08-30T05:31:38.763+01:002015-08-30T05:31:38.763+01:00I'm also not really on autopilot, my son's...I'm also not really on autopilot, my son's investments are though. Like TFS, I am looking at this recent turmoil as an amazing buying opportunity... Now, where to get the extra cash to take advantage in September...M from There's Valuehttp://theresvalue.co.uknoreply@blogger.comtag:blogger.com,1999:blog-7336434292024806907.post-29567210644474340312015-08-27T21:16:22.681+01:002015-08-27T21:16:22.681+01:00Many thanks dearieme, it's useful to know that...Many thanks dearieme, it's useful to know that taking out the TFLS doesn't impact on how much you can continue to pay into a pension (I'll need to look up the recycling rules though if I ever do decide to put much more in there).Cerridwenhttps://www.blogger.com/profile/09113285657493048091noreply@blogger.comtag:blogger.com,1999:blog-7336434292024806907.post-87777069256325932692015-08-27T13:21:21.084+01:002015-08-27T13:21:21.084+01:00Come to think of it, the other possible constraint...Come to think of it, the other possible constraint on last minute pension-stuffing for someone who has taken a TFLS is the continued existence of the Recycling Rules.deariemenoreply@blogger.comtag:blogger.com,1999:blog-7336434292024806907.post-45337730225199652112015-08-27T12:36:10.197+01:002015-08-27T12:36:10.197+01:00"although I suppose I could take the TFLS&quo..."although I suppose I could take the TFLS": when one passes 55, the existence of the TFLS makes pensions pretty flexible even for people still at work. As long as you restrict yourself to the TFLS, your annual allowance for pension contributions will stay at £40k: take a penny more and it drops to £10k. The latter might constrain last-minute pension-stuffing.deariemenoreply@blogger.comtag:blogger.com,1999:blog-7336434292024806907.post-43235713745363646062015-08-27T08:26:26.234+01:002015-08-27T08:26:26.234+01:00Hi TFS,
It could turn out to be a great idea :-) ...Hi TFS,<br /><br />It could turn out to be a great idea :-) (or, possible a disaster as I'm working to a pretty tight plan here). I need about £35,000 in my SIPP to cover all bases as regards definitely being able to retire in April 2017. At the moment (once my FSAVC transfers in) there is about £34,000 in there. When the £20,000 FSAVC turns up I've initially asked for it to be left as cash but I'm not sure that's the best thing to do with all of it as it will actually be losing value if I do (in the form of inflation and the 0.35% fee I'm paying to Fidelity to hold it). <br /><br />You're quite right - putting extra cash into my SIPP would give me the tax boost (which is not to be sneezed at) but I will need a fair chunk of that cash before I start drawing down the pension so there's a limit to how much I could use in this way - if I started drawing it down before I finished work I'd end up paying the tax back (although I suppose I could take the TFLS).<br /><br />You have given me food for thought though so I will take another look at this. Thanks.Cerridwenhttps://www.blogger.com/profile/09113285657493048091noreply@blogger.comtag:blogger.com,1999:blog-7336434292024806907.post-50698636448081793182015-08-26T08:52:44.512+01:002015-08-26T08:52:44.512+01:00I'm not on autopilot yet... I know it's th...I'm not on autopilot yet... I know it's the best way but I like to be in control of exactly when I am putting money in. I wouldn't exactly call it timing the market as I'm not buying then selling later but maybe we can call it micro-timing. Also I don't put in a set amount each month (at the moment) so it's hard to set up anything on a regular payment scheme.<br /><br />Seeing as you have two years before needing the SIPP cash would you not welcome a small market crash as you are still paying some money into it? Or you could move your cash holdings into it? I know it's a risky strategy in case it drops further, but if it really goes down town it could be a great buying opportunity to give your pot a really nice final boost. As this is completely the opposite to what your post was about though I am guessing you don't think that would be a good idea :)thefirestarter.co.ukhttps://www.blogger.com/profile/11034338420101074262noreply@blogger.comtag:blogger.com,1999:blog-7336434292024806907.post-2999817333256576742015-08-26T06:02:33.056+01:002015-08-26T06:02:33.056+01:00Hi weenie,
As someone who is going to need the mo...Hi weenie,<br /><br />As someone who is going to need the money in my SIPP/FSAVC pretty soon (hopefully within the next two years) I do feel a bit twitchy. However I have made sure there is a far lower equity allocation in there than in our ISAs and the biggest chunk of money is in a "smoothed" pension fund which seems to be holding out perfectly fine (at the moment). I'm in the middle of transferring this to my SIPP where I will hold it in cash. I really don't want the pressure of market volatility when my money will be needed so soon. <br /><br />Cerridwenhttps://www.blogger.com/profile/09113285657493048091noreply@blogger.comtag:blogger.com,1999:blog-7336434292024806907.post-6507128508341073242015-08-25T13:21:37.893+01:002015-08-25T13:21:37.893+01:00Hi Cerridwen
Auto-pilot is the way to go, althoug...Hi Cerridwen<br /><br />Auto-pilot is the way to go, although I guess as I have some time to go before I have need of my cash, it's easier for me to say. This is when we all need those 'Keep Calm' signs! :-)<br /><br />Yes, this might be a good time to buy our Monkey Stocks, I can't see that prices will have recovered fully by the end of September!weeniehttps://www.blogger.com/profile/01602950445306813601noreply@blogger.com