Petrol in a pension..?
Petrol in a pension..?
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Discussion

Ginge R

Original Poster:

4,761 posts

249 months

Sunday 9th June 2013
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The initial message was deleted from this topic on 17 July 2013 at 22:51

otherman

2,266 posts

195 months

Sunday 9th June 2013
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I don't think so, even as diversification of a very large pot. Car prices are pretty fickle, plus you got storage and insurance costs eating away at your eventual return.

PurpleMoonlight

22,362 posts

187 months

Monday 10th June 2013
quotequote all
If you have a car in a HMRC registered pension arrangment it will attract a 55% tax charge.

So, really it would be just as a personal investment. The vast majority of cars are not a good investment unless you are at the expensive rare and exotic end of the market, and even then it's high risk.