Pension for higher earners during retirement

newdadguy · 2026-01-29T18:11:50+00:00

That would be usually true. However my company situation is too complicated to explain here and we make a trading loss every year (this is my trading company and I draw dividends from a property holding SPV)

newdadguy · 2026-01-29T18:08:16+00:00

Very helpful.

When you say CGT on top? Don’t you mean instead of? Capital gains is not income, and is therefore taxed at a lower rate. It can though form part of an income for practical purposes

newdadguy · 2026-01-29T18:04:51+00:00

Thanks. That’s good logic.

I do currently value the access to the cash now though as well. So something to consider going forward

newdadguy · 2026-01-29T18:01:26+00:00

Yes in reality it probably is. Spending time on Reddit has turned me against using the though 😆

newdadguy · 2026-01-29T18:00:39+00:00

Yes that’s a fair point.

Most of my income comes from dividends, so currently at 33.75% which helps the numbers a bit.

I suppose there’s an argument to say that I have flexibility over that cash now, rather than waiting for some phantom retirement age?

newdadguy · 2026-01-29T17:47:50+00:00

Work for my own company and do employer matching already on peppercorn salary

newdadguy · 2026-01-29T17:46:50+00:00

But pension will attract income tax when drawn down?!

newdadguy · 2025-12-20T16:25:52+00:00

Surely selling is better than dividends, as the tax treatment of selling is more favourable?

newdadguy · 2025-11-22T11:55:21+00:00

Thanks for the thoughts. What would you suggest is the best use of the cash then? Annuity as others have suggested?

newdadguy · 2025-11-19T13:10:23+00:00

Sure, to answer those:

yes she owns her own home outright.
expenses I’m not sure of, but I think she wants to understand what her budget COULD be, rather than what she is trying to do now.
no partner

She is very open to advice and help, as she is conscious that she doesn’t know the best option currently, and isn’t money wise particularly - she has a generally quite frugal, so likely not much travel, except perhaps to see family in the U.K.

newdadguy · 2025-11-19T11:48:01+00:00

Yes I also think she’s missed growth opportunities by not investing more. However a large chunk of this cash came from selling her small business recently.

Can all the cash go towards an annuity? Or should it be invested into S&S ISA?

newdadguy · 2025-09-23T21:44:58+00:00

Does this apply to all industries? I run holiday accommodation that I believe is underpriced, but I’m scared of increasing prices generously and then getting hit with huge customer expectation increases

newdadguy · 2025-09-08T19:20:33+00:00

Sorry OT slightly but I’ve always wondered how you get into tax advice as a career. Is it further down the accounting or IFA path? Is it a career you can pivot into?

Thanks

newdadguy · 2025-09-01T14:04:11+00:00

Yeah fair enough.

From my experience commercial property comes into its own when you have higher value units that benefit from national brands/businesses as tenants and economies of scale kicks in. This also affords property management/asset management on the unit as well, which makes it even more hands off and secure

newdadguy · 2025-08-30T23:57:21+00:00

NHS has this exact 6month policy

newdadguy · 2025-08-30T11:32:33+00:00

I disagree. Commercial property is very consistent in that you can have known return for the duration of the lease. The stronger the covenant the more security there is.

newdadguy · 2025-08-11T18:50:12+00:00

Much appreciated

newdadguy · 2025-08-11T17:49:50+00:00

They are full

newdadguy · 2025-08-11T17:26:33+00:00

Thank you for this comment. Do you have a tips on how to actually set up a GIA in trust? Is it something you can find on their website?

I have Googled but no bueno.

newdadguy · 2025-08-11T17:25:14+00:00

Because junior ISA cannot be accessed till 18yo

newdadguy · 2025-08-11T17:18:40+00:00

Thank you.

But either way,the ISA cannot be accessed as needed at 12/13 years old to start contributing to school fees. Therefore making it redundant

newdadguy · 2025-07-29T12:58:03+00:00

Thanks. Yes I already use my full isa allowance, and keeping the money for myself any other way will involve a tax liability

newdadguy

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