You are unauthorized to view this page. Username or E-mail Password Remember Me Forgot Password Questions answered: 00:00:10 - Intro 00:01:55 - We have 4 and 12 years respectively to "bridge out" receiving our state pensions. In round terms this will require c.£160k cash to cover and I'm toying with the notion of treating that bit of the cashflow ladder almost as a separate exercise in its own right rather than part of the overall picture. Does that make sense or do you think I'm over complicating/thinking things? 00:03:23 - I thought that the RNRB rules allow it to be calculated based on the value of the house being downsized from (rather than the house being downsized to) - the excess over the value of the downsized house topping up general IHT. For a couple, this happens is the house you downsize to is valued at less than £350K. But the calculation I see in the legacy tab doesn't seem to do that and the IHT bill starts going up as the value of the downsized house goes under £350K (for the same overall net worth). Am I missing a Voyant setting or are there cases where this rule doesn't apply? 00:09:44 - Question about AIM IHT ISAs. Is there any point in investing in these as one half of a married couple? If these types of investment are being used for IHT mitigation and you are less worried by dividend/capital gains, isn't it less hassle to use an unwrapped investment in joint names so that it will pass seamlessly on first death? 00:14:54 - Cashflow Ladder - Do you advise clients to hold the different elements of the ladder in separate funds or is a pooling approach OK with annual rebalancing? 00:16:11 - In an ideal world, you might grow a large SIPP that you could possibly live off the yield forever or pass on (£2m+) and you you’d also grow an ISA’s that could go a longer way by being tax free income (£1m+), can you suggest any modelling methods to help balance a Draw timing strategy between SIPP and ISA ? 00:19:03 - Do you happen to know what Voyants Insights > Market Crash uses as the % market drop in our version. Do you have any idea what recovery period from the system Market Crash option might be. 00:28:12 - In the course you mention that with a DB pension you have only one crystallisation event. Is this at the point you start taking an income out of your pension? When DB crystallisation happens, one uses (annual DB income x 20 + lump sum)/LTA of one’s LTA at the time? 00:28:53 - LTA charge. If one has both a DB and a DC scheme, can one asks either scheme to pay the charge? If you can choose, what are the (dis)advantages of each choice? 00:31:50 - Eric Balfour posted an article on the LTA on the 18th. Towards the end of that article, the suggestion is made that after the (final) LTA test has been completed, one’s DC pot can continue to grow tax free to the benefit of future generations. a) is this true? b) what happens to one’s pension pot when one dies? 00:36:23 - Drawdown - I’m keen to understand the most Tax efficient method of drawing from a mix of SIPPs, U.S. held stock and a small DB pension. I’ve just breached the LTA limit, so unless the market takes a major downturn I’ll be paying the LTA tax charge (once I’ve drawn to the limit) - so likewise I’m very keen to understand strategies to minimise exposure there. 00:37:59 - I set up my Voyant account in January. Once I get into the new financial year next year 22-23, should I still continue to use the same chart or start again in a new year. I’m sure you said MA members can only set sub folders and you have to set up a new file as administrator. How would you do it with clients if you don’t mind me asking? 00:40:53 - Just curious how many times a year you would recommend filling the appropriate buckets in the ladder. Once a year seems suboptimal as a lot could happen in a year, monthly seems like overkill. 00:41:54 - Until today my Voyant Plan was based on investment growth of 5%. I have just changed this to the Dimensional Growth funds assumption with has resulted in our assets doubling at the assumed end of life date (90)! At 5% our assets were already significant (in the low £ms) however if the Dimensions assumption is realistic then we can increase our spending significantly particularly as we are a retired couple (in our early 60s) but then are we throwing caution to the wind? Would you stick to the cautious 5% and potentially underspend or go with the Dimensional assumptions with the risk of over spending? 00:47:59 - If you have a Section 225 retirement annuity contract offering a high GAR, is there an effective way of reducing the amount of income tax you would pay overall if taking a lifetime indexed annuity, the whole of which would be liable to 20% income tax? As the annuity would also finish on death, I wonder whether it would make more sense to take the 25% tax-free cash element and reinvest it for either dividend income (which would be taxed at a lower rate) or for growth in an ISA or SIPP. 00:49:41 - Budget tomorrow - Any changes expected in the next few years that we should be worried about? 00:51:02 - Regarding changing to Dimensional Funds, I was interested in the wider impact of revisions made by Voyant and how they might affect any long term plans like mine that stretch out 35 years or so ? If I implement the changes do I trust all the new calculations to be sound? 00:53:20 - Is there a method of investing to guard against inflation eating away at your investments, i.e. does one asset class perform better than another during such times? 00:55:00 - Should the inflation figures we use be higher than 3.0% these days ? 00:56:54 - In my Voyant plan for myself and my partner (we are not married), the system shows asset/pot drawdown in retirement with my pot being consumed first (for the first 20 approx years) and then my partners pot being consumed. Would it not be more tax efficient to take from both pots so as to realise the benefit of the annual Tax Free Allowance for each of us? 00:59:10 - What are your thoughts on VCTs? Prev LessonNext Lesson