08/12/2019
My 25% Tax Free Lump Sum.
Did you see the Channel 5 documentary “Britain’s Great Pension Crisis”? What is revealed there makes me so glad I didn’t leave my 25% Tax Free Lump Sum with the rest of the pension.
Presumably it would get taxed like the other 75%.
The whole pot would certainly buy less and less and make me poorer and poorer. The programme certainly supported this fact.
That is why I love gold bullion. I can exchange all that 'worth…less' paper currency into a tangible asset that DOESN’T loose its purchasing power over time.
That is why I have a gold savings account. So I don’t get poorer and poorer.