Slightly Different Pension Question.....

[bradders]

gibbon said:

Yes it would, I'd be even more likely to fill up my SIPP allowance, you dont need the money, you earn enough to still pay high levels of tax, so then why wouldnt you claim back 45%+ tax back from the government?

Feel free to then give it away, however you should claim it.

As explained before - I do not pay income tax - it is entirely mitigated by EIS/SEIS investments. I'm not in the habit of paying more than I need to HMRC.

[DonkeyApple]

bradders said:

As explained before - I do not pay income tax - it is entirely mitigated by EIS/SEIS investments. I'm not in the habit of paying more than I need to HMRC.

The only part worth comparing is the potential loss on the EIs versus holding cash in a pension wrapper. In the old days there was usually a level of capital loss associated with EIS'. There is also the risk aspect worth comparing, dependent upon what other investments you hold and how they correlate to the EIS in question. From a personal perspective as both would achieve the same goal of clawing back all the income tax but the latter could be done with no capital risk I would contemplate a blend of the two.

[bradders]

DonkeyApple said:

The only part worth comparing is the potential loss on the EIs versus holding cash in a pension wrapper. In the old days there was usually a level of capital loss associated with EIS'. There is also the risk aspect worth comparing, dependent upon what other investments you hold and how they correlate to the EIS in question. From a personal perspective as both would achieve the same goal of clawing back all the income tax but the latter could be done with no capital risk I would contemplate a blend of the two.

To be fair, I am looking through rose tinted a little with the EIS, as I've not had one drop back in under 104 to press. Those outstanding all look there or higher too. Maybe lucky. It does raise something I'd not really considered though, even though I am fully aware of the oldest and oldest adage of investments! Thanks for that.