Jaguar I-Pace Thread

[Minstadave]

My understanding is the new nhs pension is a career average pension so a car lease has a significant impact and pulling out of the pension toward the end of your career and height of earnings also has a profound negative impact




Again my understand is as of April 2020 the annual taper will only effect those that earn >200k if working for the NHS

(I am not a financial advisor, please seek definitive advice)

Regarding pulling our of the pension - as a doctor you're on pretty much the same pay from year 10 (becoming a consultant roughly) to year 40 so pulling out doesn't make a huge difference in terms of career average. Yes you may take on extra roles a you get more senior but you're over a 100k for almost 30 years.

Once you hit the lifetime allowance I believe there is little point staying in, you can stay in longer by reducing pension growth with salary sacrifice or the hokey-cokey.

Regarding the taper. The tapering of annual allowance has been improved but not the annual allowance itself which is still 40K. Even without tapering in effect and a full 40k you can have pension growth well in excess of this, especially if you drop out of the lease when you also get a pay increment.

The entire situation is overly complicated and constantly changing. It's quite frustrating.

 

[Dave777]

Does your employeer have a car scheme? I've just checked mine and all the etrons are now back to their normal price of £650+ a month (and thats the base spec)

I ordered the sport in metallic silver for £340 a month back in April, but I think those deals are long gone now.

:edit: ouch, forget that, just checked and they are now £750 a month

Sadly mine doesn't for normal employees anyway. And with Covid they are making people redundant so the talk of electric car and salary sacrifice schemes have all disappeared. I will look around the web and see what I can find there. Thanks

 

[Minstadave]

I Pace arrived today. Only had a quick play with it but seems very nicely put together. Even the software isn't as bad as its made out to be. Yes its a bit slow but Android Auto is very well implemented.

Will get to know it and post some ramblings.