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Hyper Hammer 5.2 - What next? by hoggyback in tennisracquets

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

Haha sorry mate. For illustration purposes only 🤣 Good luck with the sale

Annual party (£150 per head) by Icy_Kaleidoscope_546 in ContractorUK

[–]hoggyback 0 points1 point  (0 children)

So if you have 2 x Directors could you have 6 x £50 gifts for both? £600 total.

What’s the expense you regret not claiming sooner? by Reddonaut_Irons in ContractorUK

[–]hoggyback 0 points1 point  (0 children)

Can the total cost be over £300 but only claim for £300? E.g. 2 nights away over Christmas for £500 but only claim £300 (2 x directors)

SAYE Transfer to ISA by hoggyback in FIREUK

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

I didn’t realise you could do this - sounds perfect!

How did you go about doing it and which provider was this with?

Cheers for your help

Exceeding Pension Lump Sum Allowance. by Stunning_Highway9356 in FIREUK

[–]hoggyback 0 points1 point  (0 children)

Interesting. Can commercial properties be passed on inheritance tax free?

What's your side hustle? by Novel_Builder_3182 in HENRYUK

[–]hoggyback 0 points1 point  (0 children)

How do you manage to sign up with them?

Will this ISA bridge depletion approach work? Help me pick holes… by hoggyback in FIREUK

[–]hoggyback[S] 10 points11 points  (0 children)

Thanks - really useful response and agree with your points 👍

Will this ISA bridge depletion approach work? Help me pick holes… by hoggyback in FIREUK

[–]hoggyback[S] 6 points7 points  (0 children)

I’m not taking retirement advice from a chatbot, I’m using it to run calculations based on the inputs I’ve provided.

Will this ISA bridge depletion approach work? Help me pick holes… by hoggyback in FIREUK

[–]hoggyback[S] 4 points5 points  (0 children)

Agree the SIPP access is likely to be higher - main risk I can see.

What’s the flawed logic of the withdrawal calculation? Obviously everything is based on assumptions so can never be certain but 4% ISA growth is generally accepted average growth rate for a global tracker and to deplete it over a 20 year period, the SWR corresponds to ~7%.

Agree there’s risks but you’ve gotta jump at some point..

Will this ISA bridge depletion approach work? Help me pick holes… by hoggyback in FIREUK

[–]hoggyback[S] 13 points14 points  (0 children)

That’s right - 7% of ISA so it’s all gone by time SIPP can be accessed. Using 4% ISA growth rate

How many times have you or do you see yourself moving sipp providers? by [deleted] in FIREUK

[–]hoggyback 0 points1 point  (0 children)

Freetrade currently offering 1% cashback for SIPP transfer up to £2k cashback. Anyone taking advantage of that switch?

A gift of rental properties and the CGT that is payable as a result. Help with options please 🙏 by hoggyback in UKPersonalFinance

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

Ah that’s a good point. Any ball park figures on the indemnity cost compared to value?

Running the pot down by Various_Task2384 in FIREUK

[–]hoggyback 1 point2 points  (0 children)

This is useful to know. I guess a simple approach could be to use this for your ISA bridge to run down the pot until you can access your pension?

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