What would you do with £100k?

[BlueT]

Buy a property abroad, Spain/Portugal etc
A couple of hours away where you can chill out a few times a year in the sunshine.

 

[Deleted member 77198]

Deposit for a house
New car
City
A decent shopping spree
And a top fucking night out

 

[SWP's back]

No simple answer as there are a dozen questions (at a minimum) you’d need to answer for anyone to give you decent advice.

What’s right for one bloke may be an awful idea for someone else.

Ps, don’t go anywhere near fucking bitcoin or any other crypto.

 

[SWP's back]

Pay off 25% of the total remaining mortgage on the Dublin house.

Don’t do this.

 

[SWP's back]

Absolutely do not stick it in pensions. The whole system is close to breaking point with an aging population. Shit return and far from a small risk.

That’s absolutely the wrong answer.

There’s fuck all wrong with personal pensions. They are just tax efficient investment wrappers and no fucker needs to purchase an annuity anymore as we have flexible drawdown in the UK.

Also, since the Pension scheme act 2015, most DB schemes are now in credit rather than running huge liabilities. Your advice would have been fine five years ago but times have very much changed.

 

[SWP's back]

Rubbish.
Depending on tax position you get up to a 40% boost immediately.

Actually works out as 66% (put in £60 and have £100 invested).

But very much agree.

 

[SWP's back]

As someone who is relying on my personal pension, why is it at breaking point and what is a safe alternative?
I'm 56, working, house is all mine. I have a not insignificant amount of cash on hand for an emergency situation and at the moment a £200k pension fund to which I am still contributing

For a start, get good, professional, independent advice from a trusted adviser with a good reputation (rather than asking a nice, funny, but ill advised Irish guy on the internet).

 

[dronefromsector7G]

For a start, get good, professional, independent advice from a trusted adviser with a good reputation (rather than asking a nice, funny, but ill advised Irish guy on the internet).

Irish and ill advised I agree on

 

[Barcon]

Irish and ill advised I agree on

He's funny like a clown.

 

[Skip Donoghue]

My sister in law is actually a lettings agent, something we have considered, the wife has just returned to her old job after working as a lettings agent also, things in that world aren't looking so rosy at the moment apparently

First speak to a professional (Financial Adviser) but if you want some advice from the good folk of Blue moon here's my 2 penneth... I wouldn't use it all to buy a house outright but put a decent deposit down and mortgage the rest and rent it out, as you have no mortgage you could get a mortgage against it (it's a bit sneeky but not a buy to let mortgage either just a normal one which isn't 100% cosher thing to do I know but who would know you were renting it)