You are unauthorized to view this page. Username or E-mail Password Remember Me Forgot Password In this video: 00:00:00 - Intro 00:01:50 - CARE scheme pensions - is modelling as an annuity the only way to do it? 00:07:51 - I have been researching best pension investment funds and came across a company called Yodelar. There offer is appealing as going through Morningstar would take forever. Do you think they are giving independent advice on fund performance? Any experience with Yodelar or similar companies? 00:15:07 - Regarding using Voyant I’ve read some of the recent discussions about the importance of updating and promoting your plan once a year such that the start date is moved on a year to match any revised valuations entered. So for me I started using Voyant in Feb, and would like to enter revised pension values as market has changed (dropped but recovering) & I was hoping to retire this year or next. Do I need to be careful entering revised valuations mid year will this skew the plan outputs. Any recommendations on updating mid-year appreciated. 00:19:05 - Last year my wife and I crystallised our pensions and and took tax free lump sums and used this along some of our other savings so we could become cash buyers to allow us to move house. Our plan being to re-invest the cash in a GIA once we sold our old house. This took longer than expected as we bought the new house in October but did not sell the old one until May. We are doing a review and now have cash to put back into the GIA as part of our cashflow ladder. In the current volatile markets we are bit wary of putting it all back in - but also aware with inflation running high we do need it invested to grow. Currently we are thinking of a drip feeding it in monthly over 6 or 12 months - would be good to hear your thoughts on this. Also in Voyant you mentioned in a previous Q & A you were not changing the number you used for inflation yet is this still the case ? 00:28:00 - I am always a bit confused about contributions to my annual allowance. Current situation is: 21/22 - Total AA cont is £39,700; 20/21 contribution was £63,700 (I overpaid as I had unused allowance three previous years); 2019/20 - contr £23,309 ; 2018/19 - £24,178; 2017/18 cont was £18,000. When I overpaid early this year (Jan 2021) I was trying to max out for 2017/18, and 18/19. I think! I only have my one USS pension. Can you tell me how much I should pay to max out my allowance for previous years now. Sorry, this is probably too complex to work out here! 00:32:53 - I hope you had a good break. Is there any word on VoyantGo making the indexation of LTA adjustable? As it's now frozen for several years and also inflation is eroding its value it makes it (for me anyway!) hard to efficiently minimise future LTA BCE tax charges by early crystallization of DB and SIPP. 00:36:37 - Also a VoyantGo question. Thanks for your webinar on Retirement in a Crash, very useful. But I do wonder if you feel that using the "market crash" functionality on Insights section of VoyantGo is enough to test for market crashes, or whether we should be putting in a higher inflation rate to stress test our planning. We are planning to retire at the end of the year, although we have some Defined benefits pensions, these won't go up by 10% a year, so I feel we need to adjust inflation somewhere, even if only to stress test the planning. 00:38:47 - Final question. As we are planning on retiring mid year (63.5) I've just put in as though we are already retired in VG. Does that make sense? 00:39:14 - When you’re working you act intentionally, spend less than you earn and save regularly. Once you retire this flips to spending more than you earn to enjoy life and avoid dieing with too much. Have you any tips on how to get out of the good old habits and spend down wealth? 00:40:46 - Hi Pete. Interested in your thoughts on my situation as someone who has received 2 significant lump sums in the last 6 months (one an inheritance and the other a TFLS from a DB pension which came into payment recently). I don’t need the cash in the next 4-5 years so have invested the monies in my favourite global tracker so the proceeds can add to my overall savings pot for the future. I invested as soon as the monies came through but of course since then the markets have been in a gradual decline throughout this period. Now these amounts are down c 5%. This has made me feel a bit disappointed and wondering whether I should have acted differently e.g. drip fed or held back from immediate investment, but there again surely this is berating myself for trying to time the market and judging the situation based on hindsight. And over 4-5 years they should surely recover. It seems to me how you frame the situation in your mind has much to do with how you feel about the investment performance. I would be interested in your thoughts on this as I am still wondering whether I should have done anything differently. Thanks Pete for your kind thoughts. 00:44:57 - Hi Pete, a late question if you don't mind. Whenever I open Voyant I continue to see the following message on the top level plan that says "Warning Alert -This plan uses [Expired] RSMR Market Assumptions. These assumptions are out of date and are suggested to be replaced by Dimensional Funds Voyant UK Market Assumptions." – So, is this something I need to action or even be concerned about? My 2 sub plans underneath have been updated but I’m just wondering. Thanks. Prev LessonNext Lesson