Post by angrysaveruk on Dec 26, 2018 12:30:01 GMT
If you were relying on Stocks and Shares pension for your retirement needs you are royally screwed.
It is all well and good saying S&S are 5 year investments but that is no good if you need the money.
A bit like negative equity it is meaningless unless you need to sell.
With annuity rates at rock bottom over the last year there are not many places to put your hard earned dosh.
Over 55 you could offset losses with increased SIPP or pension payments. To take full advantage you have to ensure your taxable income in retirement can be managed to avoid tax liabilities.
P2P can be used to transfer money to tax free investments with minimal risk by removing volatility of some more traditional saving
routes.
I think a lot of people have taken a real hammering on the stock market. just bought some furniture from a guy who I think is a day trader and probably having to sell up. As an asset class P2P has probably been a pretty good performer in terms of risk return trade off over the last 5 years. how it will fare in the next financial crisis remains to be seen...