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What to do, pension

Esto Fidelis · 2012-04-13 11:55:18

Hi Guys, I am looking for some guidance and opinions. I have some executive pensions (sounds fancy but value not that high). I have been putting my profit in for the last 7 years and have seen the figures dwindle away. Last year I took the cash and paid the tax. What would you do now, paying the tax is a killer and as I…

13-04-2012 11:55am

#1

Esto Fidelis

Registered Users, Registered Users 2 Posts: 208 ✭✭

Join Date: November 2009

Posts: 139

Hi Guys,

I am looking for some guidance and opinions.

I have some executive pensions (sounds fancy but value not that high). I have been putting my profit in for the last 7 years and have seen the figures dwindle away. Last year I took the cash and paid the tax. What would you do now, paying the tax is a killer and as I only got 4% on deposit this is not great but at least I still have some rather than it going into a black hole.

Any help appreciated.

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Comments

#2 13-04-2012 2:33pm

homer911

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Join Date: September 2007

Posts: 4756

Savings Bonds or Certificates? Investment in a secure fund such as a Cash Fund?

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#3 13-04-2012 4:12pm

coylemj

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Join Date: October 2006

Posts: 25131

By any chance did you take the money out in the second half of last year? If so, you couldn't have picked a worse time, the stock market has bounced back big time since last year.

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