Pension Pots

I am saying what I say and have no interest in your quarrelsome point scoring.

The government isn't giving you money, it is simply taking £1,500 in ta x rather than £2,000 in tax.

Good - so by taking this action you make a profit.

Thanks for clarifying.

The government isn't giving you money, it is simply taking £1,500 in tax rather than £2,000 in tax.

-----------------------------------------------------------------

it gave you 2000 before it did that

tim

Why couldn't you gain it, just by making a pension contribution?

----------------------------------------------------------------------------

because you can't turn that into cash today, and they might change the rules before you can

It took £2,000 from you, gave it back, and then took £1,500.

A lot of small investors regularly outperform the large institutions but it is not a scaleable skill. I specialise in small capital shares usually in value investment, the companies that I invest in are usually under the value of £100m and may only have £100K trading at any time. The big institutions would not look at such a piddling amount; they will be looking at purchases in the order of £10M's. With a company worth £1M it is possible to double in value in a year, for a company worth £1B it is less so. The old adage "Elephants don't gallop" applies here.

Andy

Well, that's exactly what you will be able to do next April, for your whole fund.

Well, that's exactly what you will be able to do next April, for your whole fund.

--------------------------------------------------------

But they said that they would close this "loophole" at that time

(though don't ask how)

tim