Can I do this repeatedly up to the whole of my salary every year?
2007-05-27 10:38:53 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
RE don't start paying premiums
What about with a lump sum e.g. a SIPP?
2007-05-28 23:45:04 · update #1
Of course not (don't be so stupid ..)
2007-05-27 10:52:56 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
uhmm - NO!. You will not start to pay the premiums until the 14 day cooling off period has expired. So, your plan will not work.
2007-05-27 10:41:49 · answer #2 · answered by Bexs 5 · 0⤊ 0⤋
Don't you think the government hasn't figured that possibility out and got it covered.
2007-05-27 10:53:03 · answer #3 · answered by Easy Peasy 5 · 0⤊ 0⤋
Not at all. You'll have to pay taxes.
2007-05-27 10:46:31 · answer #4 · answered by wildenemart 4 · 0⤊ 0⤋
no not leagl
2007-05-27 11:05:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋