how Can a investor build a pension pot of 1m. within 20 years by using a trader's method ??

As a nation we're relativly uneducated about finance. How many kids get taught the first thing about it at school? - that's one of the reasons pensions providers get away with what they do.
We're brainwashed into believing pensions are "a good thing". Sure they are but for The City more than for the individual.

What the "Own`s Pension Pot" to me means is a Lump sum of 1m I can use/control as I want. Not the silly rules of 25% pay out!!!

so if i was in the position of having 20k to invest in shares and i was lucky to gain a 20% growth each year, for the next 20 years say.
how much tax per year would i have to pay to back to the tax man?
is there any way of getting a tax relief by stating its a pension saving plan for when I'm 60 - 65???
there alway a pro and con to every solution and your right about us not being to bright in the finance world and being 'brainwasted'.
I've never liked the idea of pensions. its nice to know there so many other ways of invested as long as your careful, after all it is our futures were talking about, thats if were all lucky to reach 65!!!
thanx for the education...

20k per year into a pot that grows 20% compound would accumulate to 3,733,760 after 20 years. (Or in theory 6,222,933 including tax relief of 13333 per year added in too). But remember the upcoming 1.4 million limit for tax relief coming in from 2005.
You only get tax relief if your money goes into a formally organised scheme with a supervising manager. You pay tax on what you take out (except for the 25% free allowance). If your money isn't in such a scheme you pay income tax and CGT as normal.

Any tax you pay when you retire is on the actual income you receive depending on your entire tax situation. If you become non resident, you don't have to pay any UK tax on income paid in the UK, and sent to you overseas.

So you now understand why many people retire abroad!

hi,thanks a lot,exotoxin,
How much is the POT after 20yrs if paying high rate income tax & CGT every yrs?

This just made me cry with laughter.......

HOW TO GIVE YOUR CAT A PILL:

1) Pick cat up and cradle it in the crook of your left arm as if holding baby. Position right forefinger and thumb on either side of cat's mouth and gently apply pressure to cheeks while holding pill in right hand. As cat opens mouth pop pill into mouth. Allow cat to close mouth and swallow.

2) Retrieve pill from floor and cat from behind sofa. Cradle cat in left arm and repeat process.

3) Retrieve cat from bedroom. Throw away soggy pill.


4) Take new pill from foil wrap, cradle cat in left arm holding rear paws tightly with left hand. Force jaws open and push pill to back of mouth with right forefinger. Hold mouth shut for a count of ten.

5) Retrieve pill from goldfish bowl and cat from top of wardrobe. Call spouse from garden.

6) Kneel on floor with cat wedged firmly between knees. Hold front and rear paws. Ignore low growls. Get spouse to hold head firmly with one hand while forcing wooden ruler into mouth. Drop pill down ruler and rub cat's throat vigorously.

7) Retrieve cat from curtain rail. Get another pill from foil wrap. Make note to buy new ruler and repair curtains. Carefully sweep shattered figurines and vases from hearth and set to one side for gluing later.

8) Wrap cat in large towel and get spouse to lie on cat with head just visible below armpit. Put pill in end of drinking straw, force mouth open with pencil and blow down drinking straw.

9) Check label to make sure pill not harmful to humans. Drink one glass beer to take taste away. Apply plaster to spouse's forearm and remove blood from carpet with cold water and soap.

10) Retrieve cat from neighbour's shed. Get another pill. Open another beer. Place cat in cupboard and close door onto neck to leave head showing. Force mouth open with dessert spoon. Flick pill down throat with elastic band.

11) Fetch screwdriver from garage and put cupboard door back on hinges. Drink beer. Fetch bottle of scotch. Pour shot. Drink. Apply cold compress to cheek and check records for date of last tetanus jab. Apply whisky compress to cheek to disinfect. Toss back another shot. Throw ripped tee-shirt away and fetch new one from bedroom.

12) Ring fire brigade to retrieve the f***ing cat from tree across the road. Apologize to neighbour who crashed into fence while swerving to avoid cat. Take last pill from foil-wrap.

13) Tie the little bastard's front paws to rear paws with garden twine and bind tightly to leg of dining table. Fetch heavy duty gardening gloves from shed. Push pill into mouth followed by large piece of fillet steak. Be rough about it. Hold head vertically and pour 2 pints of water down throat to wash pill down.

14) Consume remainder of Scotch. Get spouse to drive you to Emergency Room. Sit quietly while doctor stitches fingers and forearm and removes pill remnants from right eye. Call furniture shop on way home to order new table.

15) Arrange for RSPCA to collect mutant cat from hell and ring local pet shop to see if they have any hamsters.

HOW TO GIVE YOUR DOG A PILL:

1) Wrap it in bacon.

hi,guys,
so that is the end of the story.
no body can make a living in the market.no body can get rich from the market.
no wonder 95%+ of traders are loser, but can the other few % taught us somethings?