Should I save into a Lifetime Isa and would my Help-to-Buy Isa be closed if I do? Can I transfer some cash in my existing stocks and shares Isa to open another through a robo-adviser and invest in what should i invest my money into at the same time? Will you be a tax winner or loser this year? Workers’ pension deductions triple to 2.
The Devon home that looks like a luxury treehouse! Where are you most likely to get a bus lane fine? I’m retiring in two years – should I top up my pension or invest in buy-to-let? Read this: I’m retiring in two years – should I top up my pension or invest in buy-to-let? I am 67 and thinking about retiring in the next year or so.
I left that company 17 years ago having worked there since I was 22. The other one changed about 10 years ago and I don’t think it’s as good. My wife and I got an endowment mortgage 20 years ago but the endowment hasn’t performed and we are still short – our lender wants to know how we plan to pay it off in five years and I’m not sure. My wife retired two years ago and has multiple sclerosis so she cannot go back to work and I would like to be at home to look after her. She has a very small pension as she was self-employed.
15,000 in Isas and premium bonds. I’m thinking about investing in a buy-to-let to give us some income and hopefully a lump sum if we keep it for a while and then sell when house prices go up enough. You seem to have a pretty good grip on your savings – many people don’t know what their pension entitlements are at all and have lost track of ‘pots’ they may have built up while in previous jobs. You’re also considering your debt as well as your income, which again, many people forget to do.
So in many ways, you’re already ahead of the game. But before you make any decisions about where to invest, whether to buy a rental property or what to do with your pensions, it’s generally a good idea to get a complete picture of your financial situation – and how it interacts with your wife’s. Can downsizing your property help you fund retirement? In simple terms, this means both of you adding up all your savings, investments and the equity in your home.