How to get the cash out of your Pension

PaulS · Post by **PaulS** » 03 Jun 2011, 22:56

SSAP is appropriate only where you have a personal Ltd company.
SIPPs can be opened for very little money and charges are often just 1-2%/year. At least you can invest in shares that you think will do well in the long term, such as renewable energy or a farming enterprise. You have to work out what is best for you.
One thing is for certain: it can be done

bealers · Post by **bealers** » 09 Jun 2011, 21:09

Hello,

I've now converted our 4 different (husband & wife with various jobs over the past 10 years or so) pension pots into a SSAS and with that money we recently completed on the purchase of a block of mixed woodland and marginal grazing land. Because of the latter we got it at a relatively good price.

We're paying £800pa ex VAT in charges. We decided to pay the conveyancing fees out of our own [businesses] money to leave the bit we've got left in the scheme to cover some maintenance and if we can't afford the fees for a few years (although at some point we'll do the admin ourselves).

It definitely can be done and it's all above board.

GlynG · Post by **GlynG** » 25 Jun 2011, 23:01

Well that’s a very pleasant surprise

– I came across some paperwork today and it looks like my old Cardiff Uni pension is £4,600ish not £1,160ish as I had thought. I’m going to ring them Monday to confirm that and get a transfer form.

I love the idea of turning into land, which I would farm on. Would it be feasible to turn into a gold bullion SIPP for a year or few and then switch it to agricultural land SIP once I’ve saved enough other money for this to be feasible? I assume there’d be fees but that the gold could be sold at the then going rate and the money transferred? Is it possible to buy land in a foreign country to farm using a SIPP?

I've been inspired by the work of Sepp Holzer and Martin Crawford and my dream / future plan is to work and save up for a year or few till I can emigrate to a tropical country (quite possibly Panama) and become a subsistence organic farmer / forest gardener in the upland cloud forests (where some water should still be available even with moderate climate change).

Post by **kenneal - lagger** » 26 Jun 2011, 02:41

GlynG wrote:till I can emigrate to a tropical country (quite possibly Panama)

It's been nice to know you...........

GlynG · Post by **GlynG** » 28 Jun 2011, 17:10

Thanks I guess? I’ve only recently started posting on the forums and it seems a good place. I should still have occasional internet access abroad and I’m not necessarily going to disappear overnight or anything.

My only immediate family passed away a few years ago sadly and my friends are scattered and not interested in changing their lifestyles, so I need to find/create my own community if I’m to have a chance in what’s coming. I’ve always wanted to emigrate somewhere warmer and less populated anyway and peak oil et al mean I need to get my skates on.

Back onto pensions; I’ve made some enquiries and EPML require me to come to them through a Financial Advisor since I currently have a final salary pension, which in BAU would probably be a better option to keep. Anyone know if it’s possible to get a free referral anywhere? I am definite exactly what I want to do and don’t need/want advice as such. I’d struggle to pay for it (I’m an unfunded postgrad student with zero income all year bar selling loads off possessions after I ran out of money) and I’d begrudge having to pay a commission fee out of the pension for advice I don’t need/want.

energy-village · Post by **energy-village** » 28 Jun 2011, 18:26

I've heard good things about Panama.

Not sure about its long-term prospects with its economy relying a lot on banking/commerce/trade/tourism.