You are unauthorized to view this page. Username or E-mail Password Remember Me Forgot Password In this video: 00:00:00 - Intro 00:02:30 - Hi Pete. Can you demonstrate how to model a defined benefit pension on Voyant. I have a civil service Alpha pension for which there is an accrual rate of 2.32% each year. Therefore I have gone with 1/45th. Although its a defined benefit scheme, I have to make a monthly contribution towards it of 5.45% of my salary which comes out as a deduction on my wage slip. I have modelled this within Voyant, but cannot see anywhere to add in the monthly contribution I make. I am aware with defined benefit my contributions don't really matter as the amount I get back is defined by rules of the scheme, however I would like to understand how I should model my monthly payslip deduction to the DB pension within Voyant, to provide a more accurate annual surplus income figure e.g. income - expenses. Thanks 00:08:20 - Can you also explain Pete when adding a defined benefit pension within Voyant what some of the terms actually mean e.g. escalation type in deferment, escalation type in payment, actuarial reduction rate etc. I believe my DB pension may be index linked in some way, in that the amount built up as annual benefit is increased slightly each year, in line with an indexed figure. The numbers relating to these questions, should these be readily available from scheme provider? Just trying to build a picture of what I my DB pension may look like in retirement. 00:19:37 - Slightly individual circumstance, however I believe others may benefit: What would be your advice regarding withdrawing equity from BTL property (either through an advance of mortgage or sale of property) in order to pay off personal debt. i.e. is paying off debt in short term the priority over maintaining a long term wealth building asset? All the best, LB 00:24:47 - Richard Donnell asks via email: 1. How would you represent EIS investments as part of Voyant Planning ? Hold for 5 years at 1.4x growth and then re-invest in GIA? 00:31:50 - 2. Being in the market is more important than waiting for right time - is there a case for waiting at this moment ? 00:33:54 - 3. Voyant core / out of the box assumptions assume no real growth other than investments - this feels very conservative but that is the base case and you can use what ifs to look at upside - do you believe the current assumptions are still right for financial planning with a 20+ year view? Prev LessonNext Lesson