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lager loud

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About lager loud

  • Birthday 03/08/1962

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    Coalpit Heath

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  1. Kicks it or deliberately moves closer to it within ten yards, or doesn’t immediately get out of the way. Drives me crazy that refs never do anything about this sort of thing (at least not before about the 87th minute). With teams so fit and well organised these days a bit of quick thinking at a free kick should be one way of getting an advantage. As an alternative to a booking (or in addition) I wouldn’t mind seeing any player doing this having to leave the pitch before the FK is taken, not to return until the ball next goes dead (other than for another FK against the offending team). The prospect of having to defend for a couple of minutes with 9 or 10 players would make them think twice. At the moment there are no consequences for this cheating, the effect of which is to stifle the creativity of the players and the enjoyment of the fans.
  2. You might find her view on that changes when you stop working. I retired before my wife. It only took her a few weeks of bringing me a cup of tea in bed before she left for work to decide that maybe she’d like to stop too!
  3. I’m not a tax expert but I’m not aware it’s ever been possible to claim the whole of a spouse’s Personal Allowance - at least not in the last 30 years or so. In the right circumstances your wife could transfer 10% of her Income Tax Allowance to you, giving you an extra £1,250 or so before you start paying tax. I’ve not heard that this is being removed, and will be disappointed if it is, as my wife and I take advantage of it! Of course you can always try to make sure your wife uses her own tax allowances by investing more of your joint money (including your lump sum) in her name, as long as your circumstances allow (doesn’t always work in ‘blended’ families).
  4. No, not saying that. You can leave the fund untouched for as long as you like and the lump sum option will be there for you when you do ‘break into’ your pot. (Actually there are some rule changes at age 75 but you don’t need to worry about those ATM. And of course, the rules could always be changed, although taking away the tax-free lump sum would not be a vote-winner!) As things stand, you’ll need to make a decision about whether to take the lump sum whenever you decide to access your fund (or part of it). If, at that time, you decided not to take the lump sum you couldn’t have it later on that part of your fund. But if you didn’t use all your fund at once, for whatever reason, the lump sum option would still be there for the rest of the pot. Hope that makes sense. I’m not sure ‘keeping things simple’ was ever my strong suit as an adviser!
  5. You’re right: there is a way to use your pension fund like that. Essentially you are entitled to take a 25% lump sum whenever you move money from the “pre-retirement” to the “in retirement” state (“crystallising” funds, to use the jargon). You don’t have to crystallise all your fund at once. The option you are describing generally involves crystallising just enough each year to cover that year’s income - with the 25% lump sum being released at that time (and often treated as a bit of tax-free income). The rest of the fund remains “uncrystallised”, in its pre-retirement state, so the 25% entitlement will still be there whenever you decide to access that part of the fund. But if you were to crystallise some (or all) of your fund without taking the lump sum - creating a drawdown pot from which you could withdraw income whenever you wanted - then you wouldn’t be able to take the 25% lump sum from that bit later. https://thepeoplespension.co.uk/compare-retirement-options/a-bit-at-a-time/
  6. Advising people on this was my job for a good few years, and I’ve been ‘living’ this question since I retired five years ago. A few thoughts. To feel fairly confident that an invested fund like drawdown will generate a given level of income for the rest of your life (with increases to offset inflation) I’d suggest looking to draw no more than about 4% a year from the pot. It might not sound a lot, but a combination of taking more and a couple of bad years of investment returns can quickly put a big hole in a fund’s buying power. Even at that level, there's no guarantee the fund will perform well enough to maintain your income (although it could do better, of course). Having some guaranteed income (annuity, State Pension) massively reduces the risks of you ending up with insufficient income in future. Make sure you’ve got a decent amount in cash (either in the bank or within your drawdown fund) so that you’re never forced to sell investments. Having to sell investments when prices are down is one of the surest ways of demolishing your long-term savings. As well as enough for emergencies and any lump sums you can anticipate (next car, house maintenance/improvement) it’s worth having a year or two’s income in reserve. I try to keep myself in a position where if I had to I could fund between two and three years' income without having to sell investments. That doesn't mean a whole 2-3 years income is in cash, as the investments in my drawdown and ISAs pay dividends of between 3 and 4%, so I only have to keep the shortfall as cash. I actively top up the cash in my drawdown by selling units whenever markets are high, so that I can sit tight during the inevitable bad times. Obviously not everyone wants to be that ‘hands on’. As others have mentioned, you can take account of other income that will kick in, so that you don’t need a fund big enough to support your total income forever. So, let’s say you need £24,000 a year, but you’ll get £7,500 from your annuity at 65 and £8,500 a year from the State at 67: at 60 you need a fund big enough to pay you £24,000 a year until 65, then £16,500 for two years then £8,000 a year indefinitely after that. The calculations can get a bit involved (particularly when you take account of any tax on the withdrawals), but hopefully that makes sense. Don’t underestimate the effects of inflation over the medium term (you could easily be retired for 20 years plus; even 2% a year inflation can put a big hole in your real income over that timescale). This is often particularly relevant for annuities, where most people choose an annuity that will never increase. In your case, if you opt for drawdown the annuity will be a fairly small proportion of the total once your State pension kicks in, so it may be less of a factor for you. It’s often worth taking the 25% lump sum. Even if you think of it as part of your retirement pot, you can invest it back into similar funds in things like ISAs, where you’ll then be able to take money out tax-free, whereas you’d have to pay Income Tax to take it out of your drawdown. And if you don’t take the lump sum when you move a pension fund into drawdown, you can’t do so later. Have you worked out how much money you’ll actually need in retirement? Perhaps surprisingly, people often struggle to answer this question - but obviously it’s crucial, and, if you haven’t already, it’s worth sitting down with a bit of paper or a spreadsheet and working out what you’ll have to spend and what you'd like to spend once you’re not earning. With my work history I would say this, but…this really is one of the times when it might be worth paying a fee to get a bit of advice. Making the most of your investments, pensions, tax allowances etc for what you specifically need to achieve can be quite complex. I really think advice can pay for itself at times like this, even if it’s just a one-off to make sure you set off on the right track. Finally, on a non-financial point, have you thought about what you will do with your time once you retire? In my experience some people don’t think beyond “I won’t have to work any more - hurrah” and can then struggle to enjoy retirement because they don’t have any firm plans of how to use all their spare time. Doesn’t matter what they are, but it’s great to have an idea of what things you will do to fill your time enjoyably. Hope this rather lengthy response is helpful. Good luck with the decision making - and I hope that if you do decide to retire early you enjoy it as much as I have so far!
  7. I only heard this news a little while ago. I came to Bristol after the Division 1 days and only started watching City regularly in the 1984/5 season. That and the next season or two got me hooked as a City fan, and the entertainment on the pitch was a big part of that. I always turned up at Ashton Gate anticipating end to end football. A 3-2 result, either way, was never a surprise. Not having been a City fan in 1982 I didn’t fully appreciate at the time how much Terry Cooper was doing for the club off the field, but I don’t think I’ve ever enjoyed watching football more than in those first couple of seasons - and that was down to Terry Cooper’s approach to games. Steve Neville taking what seemed like an eternity to slot the ball past the Hereford keeper at the end of extra time to get us to Wembley in 1986 is still one of the top two or three moments in my 50+ years of going to games. RIP TC, and thanks for turning me into a City fan.
  8. I arranged to be subbed about 20 minutes from the end of a Sunday morning game in 1997 so that I could get into my mate’s car in the car park, changing on the way to Wembley to watch Leicester in the League Cup final. We got to our seats about 3 minutes before kickoff…
  9. This is WBA goalkeeper John Osbourne in 1972: obviously the done thing at all levels of the game at one time!
  10. I think this is a suitable silly/close season topic. Lots of us play or used to play amateur football at various standards. Things happen there that you’d never see in the professional game (some on the pitch, some not). A couple of examples from games in my own time as a very average (I’m being kind to myself) Commercial and Regional League player: - we once won a cup game 9-1…after extra time - we won a game 19-0 and our centre forward didn’t score …and one I wasn’t involved in but makes me laugh whenever I remember being told about it: in a game in the early 1980s Fishponds Albion apparently went 1-0 down after about 10 seconds without the opposition having touched the ball. There must be some other examples to keep us entertained now the season’s over…
  11. I ‘did’ Movember once, a few years ago, the only time apart from a brief misguided spell in the 1980s when I’ve had facial hair for non-lazy reasons. That November coincided with me giving a series of training sessions for the bank I was working for at the time, and I was asked if one of the sessions could be recorded to use at a later date. So somewhere out there is a three hour film of me giving a presentation on investment bond taxation in The Gherkin whilst looking like a fat John Alderton (for those of you too young to know him: trust me, it wasn’t a good look). I left the bank a few months later.
  12. I knew if I stuck to my guns the fashionistas would catch up with me eventually.
  13. As a man who’s just seen his hometown club win the FA Cup, which he thought he might never see...I agree with you. Obviously, at the moment I only care about the result, but I couldn’t celebrate Leicester’s goal straight away because I knew VAR would be checked; and whilst I’m f...ing overjoyed at the result, I don’t want football matches to be determined by the fact that someone’s left ear is in an offside position in a freeze-frame.
  14. I was having this very conversation with someone I met yesterday. Obviously, both would be great. But, old traditionalist that I am, if I had to choose just one I’d go for the FA Cup.
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