Tigger wrote:

There’s no tax relief to be had by spending cash on a car. if you’ve got the cash spare to do that you could easily be better off taking the tax relief by using it to put regular payments into a pension fund instead. But then, I work with finance agreements for a living and I’m probably more comfortable with turning them to my advantage

tenet wrote:

I'm In - will end up meaning I'm In the Censored !



You will be if you don't make any provision for your future.

tenet, I never took out a pension. But what I did do was to work hard and retire at 48, with enough to keep me going into my latter years.
Why 'gamble' with your future, when you can be certain of it !

Too many follow the 'sheep' ..... be a BULL !!


.....but thanks for your concern .....

Yorky Bob wrote:

So that will be the pension funds you put your money in with charges then, I think we have done that one with Endowment mis-selling .

Largered wrote:

I agree. I have always paid for my vehicles ....OUTRIGHT !!

And yes it could well be the next BIG bubble to burst !

Another Bubble to Burst ...... in the very distant future .......... is the current set of youngsters who are putting money away for their pensions ...... under the governments workplace pension ......"I'm In".

I'm In - will end up meaning I'm In the !


.

Tigger wrote:

Yorky Bob wrote:

So that will be the pension funds you put your money in with charges then, I think we have done that one with Endowment mis-selling .

I take it that you are aware of the exact levels of charges on these accounts and how up front they are legally obliged to be now?

too many variables ..... too many percentages ...... too much to go wrong .......


Money is KING !!!

Put it in a non-investment account ...... and you don't have to pay tax .... at all !!

I live tax free .........

.

If you've never had to pay any income tax at all, then you'll be doing better than most of us, but can't imagine how

I think that as the argument is turning to the rights and wrongs of marketing and finance, you are proving that what I said about the lack of focus on engineering and making good products is right.

I lived through the days when we made lots of world class products, then in the 1980s things changed, and I found myself being sent on numerous courses where I was taught that only the perceived quality mattered, and marketing was everything.

This coincided with the stopping of the 'Training Levy' which encouraged the leading firms to run courses for both their own and smaller firm's workers.
And so the downward spiral began, and we started on our journey to become a nation of shopkeepers, rather than suppliers.

The only good news is that the Land Rover brand has been seen by some outside investors to be worth spending some money on, to develop some good cars. The downside is that these investors are multi national, and may think we are an expensive country to manufacture in, especially if we become isolated as well.

The Range Rover is seen as a world class Luxury Car, that is beyond doubt.
The FL2 is a proper off road 4x4, JLR are just trying to mix the two. FL2 XS SD4 Auto 2010 2012-2017 (21k - 91k miles) (MY2011)
FL2 Metropolis SD4 Auto 2014 2017- (16k - 77k+ miles) (MY2015)
Metro in its 11th Year of (Extended) LR Warranty / Full LR Service History
(Expensive, but Trouble/Worry free - hopefully?)

Cash is trash at the moment

Oh Tigger, I can remember, in the 80's, when I was paying tax at £13,000 a MONTH !

I do pay Road Tax on my vehicles, just to stay legal.

I've paid my dues in the past.

.

Get some tax paid on this: You may need Facebook account.

https://www.honestjohn.co.uk/news/motorsho...-sv-coupe/

https://www.facebook.com/HonestJohnCars/videos/1548170435232564/ FL2 MY10 TD4 GS traded in at 2 years
FL2 MY13 TD4 GS Current

Yorky Bob wrote:

Tigger wrote:

Yorky Bob wrote:

So that will be the pension funds you put your money in with charges then, I think we have done that one with Endowment mis-selling .

I take it that you are aware of the exact levels of charges on these accounts and how up front they are legally obliged to be now?

All too late for me to worry about at my age but:
A 1.5% annual charge typically would reduce the size of a pension pot by 34% over a working life, a 0.5% charge would reduce it by 13%. So why would I want to give away 34% to 13% of my pension pot to anyone as no financial adviser is going to grow it by any vast amount, it will grow more with any tax relief and the employer contribution if directly employed.

I have buried many friends who got nowhere near a pension payout. So we can talk about pension pots and AVC's but you can't beat the Grim Reaper. In the real World around us now many face the choice of just getting by so we with pensions be it small or large need to think how lucky we are I guess. FL2 MY10 TD4 GS traded in at 2 years
FL2 MY13 TD4 GS Current

I consider myself to be blessed. I came from a humble background. True to my values I never elevated myself to the 'money' level of others.
Helped my parents and family and gave, and continue to give to charity.

You don't make money by wasting money, I sill don't pay over the odds because I can, I look for continue to look for bargains.

My FL2 is my toy vehicle.



.

Thanks Martyn, couldn’t have put it better myself