You are unauthorized to view this page. Username or E-mail Password Remember Me Forgot Password In this video: 00:00:10 - Introduction 00:01:38 - Could we have a reminder from Pete on the mechanics of updating Voyant for a new year ie how to keep our plan versions? Does the renewal of the license for Voyant trigger this change or does it happen at the end of the tax year? When should the plan be prompted to become a new base plan? Is it better to align with tax year, or are there circumstances where aligning with Academic year or Calendar year make sense? 00:06:41 - I’m fortunate to be in the position that when I take the full employer match to my pension, it exceeds my tapered annual allowance. I’ve no carry-forward allowance left. Does it make sense to still take the full match, and should I use voluntary scheme pays to cover the resulting taxes, or just pay them myself? 00:08:57 - I’m taking both my state pension, some private pension (as UFPLS) & might move the portfolio from current platform & provider ( Transact/Dimensional).Regarding pension lifetime allowance. I get my P60 each year showing current status but do HMRC also keep this lifetime allowance data, or is it just my responsibility to track as a UK tax payer. I appreciate that state pension is not included in LTA. 00:10:50 - You recommend using a bucket strategy in retirement. If I move all my pension & portfolio to a Vanguard Lifestrategy fund can I still operate a bucket strategy given that the fund rebalances automatically? 00:12:43 - I will be getting a DB pension when I retire, which will use up the annual £12,500 tax free allowance. I am currently also paying into a SIPP which I will want to use to supplement this between 60 and 67, when hopefully state pension kicks in. What would be the best way to take the money from the SIPP. Monthly, or annually? Also UFPLS or drawdown? I would need approx. £10k annually from the SIPP. 00:16:32 - When constructing the asset allocations for the cashflow ladder there are allocations for Property and Commodities. I would be interested to understand what you would consider (non-recommended) appropriate fund types or ETFs for these? 00:19:54 - Could Pete show how to add an UFPLS pension withdrawal in Voyant and do you have to make the calculation yourself to include the 25% tax free amount. 00:30:26 - You’ve talked before about how conservative the 5% nominal growth and 3% inflation assumptions are which you’ve suggested we use with Voyant. I’m wondering just how conservative these are given the current environment of very high equity valuations and relatively high inflation? Could you talk about how you help your clients assess the sequence of returns risk and just how much of an impact it can have in terms of having to reduce portfolio withdrawals later in retirement? Thanks. (Not part of my question, but for others that are interested: to try and assess how conservative the Voyant assumptions are, I’ve modelled a 40 year retirement with a £1m starting portfolio so that it just runs out of money in year 40, this requires a starting withdrawal of £34k per year subsequently adjusted for inflation. Comparing this to some of the Monte Carlo simulators like the wonderfully titled Rich, Broke or Dead from Engaging-Data.com suggest that £34k initial withdrawal from a £1m portfolio succeeded in 90% of historic cases: so good but not infallible) 00:37:30 - Possibly a bit of a stupid question I have relating to the pension LTA? Let’s surmise that you’re going to exceed the current £1,073,100 LTA allowance when you turn 55 and decide to retire early and just for fun the total value of your pension is say £1.2m (we can all pretend can’t we)! If you were to split the value of the £1.2m pension into two funds giving you £600k and decide to draw down from one of these equal pots, then in theory this is below the LTA fund. As you get older you have depleted all the fund value in the first £600k fund and decide to draw down on the second fund now triggering the LTA charge. If this is correct, would it be better to pay the LTA charge early on in life or to leave it as late as possible? (The main risk I see by deferring paying the LTA charge as late as possible in the future is if the tax LTA tax charge becomes increased by a future Government or they decrease the LTA allowance or possibly both. How would sensible Uncle Pete play this, (ie pay it early or later) and are there any other risks worth considering. 00:44:01 - Are there additional risks in holding SIPP investments in ETF versions of Vanguard funds rather than mutual fund (OEIC) versions. The reason for potential switch from OEICs to ETFs is the lower charges for ETFs by HL. The Vanguard platform does not allow you to hold Acc versions of Vanguard ETFs like VHVG so you have to manually reinvest dividends. 00:44:53 - Any thoughts on Tenants in Common. Would it be worth considering converting back to Joint Tenants. We had the Tenants in Common set up as part of a will writing service 15 years ago, and last year the same company were trying to persuade us to put the house in a Trust, which we politely declined. 00:47:50 - Is there a lesson in the academy about Investment Trusts? 00:49:10 - Pushing the button to retire... Voyant says I can but should I? Pete talks about using Insights in Voyant. 00:52:34 - How about investment Bonds... anything in the academy about them? 00:56:10 - Have you started using EIS's by chance? 00:57:54 - Any DIY platforms you would recommend? Prev LessonNext Lesson