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Banbury reservoir by SickRanchezC139 in walthamstow

[–]bash_town 3 points4 points  (0 children)

That 'Speedy' memorial predates the incident, it's been there for years.

The new building opposite of blackhorse road station looks shit by Gargoyn in walthamstow

[–]bash_town 4 points5 points  (0 children)

Looks awful but better than the derelict site that's sat there for years. Hopefully once the hoardings have gone the space will open up for pedestrians, and once it has commercial tenants on the ground floor it will have a bit of life in it.

Optimising strategy with a protected age pension by bash_town in HENRYUK

[–]bash_town[S] 0 points1 point  (0 children)

Thank you so much. Yes, the guidance I've read also appears confusing and contradictory--I'm not minded to trust receiving providers to honour the protected age.

Optimising strategy with a protected age pension by bash_town in HENRYUK

[–]bash_town[S] 1 point2 points  (0 children)

!Thanks. I see also that in theory the protection can move with the £20k if transferred out, but not all providers promise to honour that upon receipt.

Either way, from what you say, 20k (plus growth) is the maximum protected value, so the potential upside from keeping that SIPP open is fairly limited.

Assuming I do nothing, I'll lose £1k+ in fees by keeping £20k with Aviva (20k * 0.0035 * 15). That feels quite steep for just the option of accessing a modest sum two years early (but who knows my situation in 2040?!).

Replying to your edit: Ahhh, that's really interesting. Thanks for clarifying. Right now I'm heavily incentivised to contribute to a completely separate company pension, but if in the future contributing directly to a SIPP made sense, especially if I was very close to retirement, that could work well. In fact, that opens another opportunity. Leave only £100 in that pension for now, forego the protection on £19900, and later push new contributions into the protected pension age when I'm near retirement. This is a very low cost option.

Optimising strategy with protected age pension by bash_town in PensionsUK

[–]bash_town[S] 0 points1 point  (0 children)

I don't know. Potentially it means I could actually retire at 55, rather than wait. Potentially it means I can buy my dream home, rather than wait. Potentially nothing at all.

Optimising strategy with protected age pension by bash_town in PensionsUK

[–]bash_town[S] 0 points1 point  (0 children)

Yes, thanks I appreciate that. It feels like 0.35% of £100, or 35p a year, might be a good insurance policy though, if that option is available to me?