You are unauthorized to view this page. Username or E-mail Password Remember Me Forgot Password Questions asked: 00:00:00 - Intro 00:01:15 - One of the principles of the cash flow ladder is not to sell assets when they are performing badly to avoid crystallising a loss. What tools would you use (other than price is at a record high) to assess whether it is the right time to sell or whether you should wait. 00:04:10 - How do I model a fixed term annuity in Voyant. I'm thinking of converting one of my pension pots at age 60 to a 7 year fixed term annuity, to act as a gap filler prior to state pension kicking in, but cant see how to model this in Voyant. 00:09:50 - Hi Pete, I'm at the point where I want to move from my ex-employers dc pension to a SIPP. The amount involved is quite large. I will not be able to move the investments across directly as I will be moving from funds from a well known insurance company into ETFs within the SIPP. That means I will be out of the market for a period of time while this transfer takes place, meaning I could lose out on any gains in the market. Is there anything I can do to mitigate this possibility - or should I not worry and just get on with it? 00:11:16 - Hi Pete, a second (unrelated question) if that's OK, we are looking to maximize my wife's personal pension in the last few years before she retires, making the best use of the annual allowance available. She currently working in local government. I know we have to be careful of the increases/revaluation of the LGPS scheme which uses up part of this allowance. However, she was previously a teacher and also has deferred benefits in the TPS, which are also revalued annually. Do we need to take this into account as well? 00:13:00 - Will the recently announced "ClientGo" product from Voyant affect our Meaningful Academy version in any way, or will we continue to have access to the same functionality we've come to depend upon? 00:13:33 - Why should a plan in VoyantGo be promoted to become a new base plan? What happens if this is not done? 00:20:13 - Hi, after listening to the recent Income, Growth or Both podcast I’m thinking about adding an income element to my portfolio. I know you can’t recommend, but how would you go about finding suitable income funds? 00:22:50 - Hi Pete, is there a way of setting Voyant to use funds from a Savings or ISA account ONLY to avoid the higher rate tax bracket. For example I plan to set up ISAs etc. with my Tax Free cash but I don't want to use it until I am at risk of paying higher rate tax, then withdraw enough year on year to avoid this. Currently, I'm setting the ISA account w/d limit as 'Not Allowed' initially (to protect it) then adding a STEP years later to change it to 'Scheduled Only' and then setting up very specific planned withdrawals year on year after reviewing the specific amounts I need. It works but is very manual and will have to be re-done if I make any other changes. 00:23:48 - Fee Rate on savings, investments, pension - should that be set to the figure charged instead of the default 0%? 00:25:13 - Some thoughts on the Cashflow ladder. Is it really the best way to preserve wealth in retirement? 1. On the run-up to retirement, it seems to me I would be locking in a loss if I move equity/bonds into the bottom cash rung ready to spend over the next 2 years if I did so when equity is down from earlier highs (like right now). So I may decide to delay, waiting for things to recover a little. But what if equity/bonds then drop further? Or if they start to recover, when do I move into cash? The temptation would be to ride the recovery. 2. Looking at my VWRL ETF, if I had moved 2 years of retirement spending money from equity into cash 2 years ago, it would be worth 22% less than it is now. In fact over any 2 year spread over the last 10 years I would have lost out. So why move into cash so early at all? 3. In a world of increasing inflation, why would I buy bonds and gilts in the middle rung of the ladder as a hedge against equity volatility when right now bonds and gilt funds are dropping as well? 4. In the long run of a 30 year retirement, does it not make more sense to stay in equity and take the rough with the smooth? In the long run, diversified global equity always wins out does it not? So increase spending in the good years and reduce in the bad years. I read something recently about increasing spending no more than 5% in the good years and decreasing no more the 2.5% in the not so good years as a formula that could work. What do you think? 00:32:50 - Can a self-employed (sole trader) who pays tax via self-assessment (rather than PAYE) use their earnings to count towards allowance pension contributions into a SIPP ? e.g. if I earn £1000 and pay basic rate tax on it via self assessment, can I invest this into a SIPP (i.e. invest £800 into a SIPP and get £200 added by the HMRC) ? 00:33:47 - Just undertaking an annual review. I have a reasonable secured income through DB pensions. Currently bridging the gap until State Pension kicks in. I'm looking into the cashflow ladder years 3-5 where you suggest a separate bond and equity fund. I've no problem finding an equity fund, but finding a single (or couple of) bond funds is not easy. What are you throughts on having a multi-asset fund with a lower equity content for this rung of the ladder. Looking at what's available, they seem to use around 10 or so bond funds. It makes life easier and diversifies the bond element. In the current environment it reduces risk albeit with fewer strings to pull. 00:35:45 - I have a Voyant question. How would you suggest modelling retirement part way through a year in Voyant? I'm using Financial years and expect to retire in July-23. I'm thinking of setting my retirement to 2024 then adjusting my salary (and pension contributons) to reflect 4 months of the year so reduce it to 4/12 each month. I can still model any pension crysatllisations as usual. Would that work or is there a better way? I know that Voyant is more of a high level, long term planning tool so alternatively should I basically forget it for the tax year 2023-24 then set up all values again accurately ready for 2024-25? 00:36:30 - Hi Pete, Bond funds are plummeting southwards at the moment and it is tempting to sell and either buy more equity or another asset type (E.g. gold). I wondered what are you doing with your clients and what would are your best thoughts (not asking for advice)? 00:38:28 - With inflation so high it's it time to change the assumptions in VoyantGo? 00:41:47 - We've grown used to the idea that there will be continuous long term global economic growth, how do we deal with the scenario where there is long term global economic decline? Past performance is no guarantee of future performance right? Time in the market not timing the market.... 00:45:27 - Wife is still working at 56 and is a Higher Rate Tax payer. She is currently paying into an employer pension and will look to max out her pension benefit as she can afford to do so. Outside of this pension she has a SIPP. Can she take tax free cash out or would this breach Pension recycling rules even though she is earning sufficient to hit the 40K barrier? 00:47:30 - If you take taxable benefits from a pension, can your limited company still pay £40k pension contributions per year, even though you can’t personally? 00:47:50 - An individual, who in 5 years time will be old enough to draw a full the state pension, already earns enough rental income to cover the basics in life, but not holidays. This rental income could be considered to be a very secure income (almost as secure as an annuity) which in most years will rise in line with inflation. The individual will soon have a lump sum of about £200,000 in cash from the sale of an investment property. The individual doesn't know how long good health will last and so would like to take 10 holidays costing about £5,000 each in the next 5 years (10 holiday x £5,000). Would it be wise for the £50,000 of the lumps sum to be kept in a deposit account earning only about 1.5% - in effect this would be a cashflow ladder with the first 5 years in cash, because all other costs are covered by the equivalent of an annuity. Also after 5 years income will rise by about £9,400 when the state pension kicks in. Would you suggest any more than £50,000 in cash / very low risk assets. 00:49:10 - If you're going to change inflation significantly in your model, I presume you also need to make sure you adjust National Average Earnings/CPI accordingly to ensure the SP forecast is broadly in line? 00:51:00 - Where can I go to find facts / research about ETFs that invest in Wheat or a mix of agricultural commodities? 00:52:40 - Which "inflation" does Voyant use for the State Pension triple lock, by the way? Is it the top Inflation Rate number? 00:53:29 - Hi Pete, sorry to bring things back to inflation again. I would like to move to a bigger house in the next few years, ideally less than 5, so keep not investing because the timescale seems too short. However with the house prices increasing, I need more and more to save and haven’t had the benefits of growing my savings. Should I invest in this scenario? Thank you, Ruth. 00:56:37 - Wow Residence Nil Rate Band is going to be flat for the next 4 years. Does Voyant need to make an update to reflect this? 00:59:38 - Is VoyantGo superior to Envision Your Money? Prev LessonNext Lesson