

QA57 - Listener Questions, Episode 57
In this UK personal finance Q&A, Pete Matthew and Roger Weeks answer listener questions on offshore investment bonds, GIA tax, pensions, retirement drawdown and building financial stability in your twenties. They explain how UK tax can apply to dividends, capital gains, offshore bond withdrawals, top slicing relief…

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What people are saying
“I wouldn’t avoid a GIA for tax reasons. I would avoid them for just not wanting to fuss about working out the gains etc. (I assume its easier than it sounds and probably generated in a statement from the platform)”
“for building stability at a young age - how about a fake budget? instead of piling a random amount into an ISA because you have no costs, set up a budget with a basic but meaningful list of things you’re likely to have once you’re independe…”
“Q6: can you buy an annuity with just crystallised cash? all the illustrators show you taking 25%. So in the questioner’s case can they take 150k tfc at the start, then take 30k crystallised taxable for income, *and* 100k crystallised for a…”
“Tip for Phil, most pension provider take a long time to provide a final statement so he should request 6 months in advance”
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