You are unauthorized to view this page. Username or E-mail Password Remember Me Forgot Password Questions: 00:00:00 - Intro 00:01:39 - Can you buy an annuity without having or using a Pension or SIPP? RPI/CPI linked would be nice..... if you can, do you get the same options as for pension related ones? Edit ## is there a comparison site if they do exist? I'm guessing that annuities can be modelled in VoyantGo? 00:04:50 - I’m hoping to retire next year and have some questions about the ‘management’ of taking TFC as it's something I have no experience of. Currently I’m planning to take my TFC in a few stages from one of my two pension pots. I have some questions: (1) Do I ask the Pension Provider for a percentage or the actual cash value I require? (2) How is the percentage monitored? Is the percentage TFC remaining usually displayed in my account somewhere for me to see easily or do I just get a statement when it happens? (3) I assume that this is then recorded/maintained against each pot (by each Provider)? 00:10:02 - Do you think the changes in CGT and dividend taxation make it worth looking for an alternative home for GIA assets when ISA and Pension allowances are maxed? If so what would you suggest (not advise obviously). Retired basic rate tax payer. 00:11:38 - My mother owns her own flat but is thinking of moving into sheltered housing which will be rented. a) If I read it right we will still get the Residence Nil Rate Band (and inherited RNRB) even if she sells her flat as she has owned a property? Is there any time limit on this, i.e. is it still the case if she lives many more years. b) If she rents out her current flat does that mean she would have to pay CGT on the gain if she did later sell it e.g. to cover care fees. C) I seem to recall there's no CGT on death so if we were to sell it after she passed we'd be OK? d) Anything other issues I should be thinking about? 00:15:07 - Last month you answered mentioning asset allocation. Wikipedia lists 9 Equities Fixed Income Cash Foreign Cash Real Estate Infrastructure Commodities Crypto Alternatives, as in art, cars, wine. The best know asset allocation is the 60/40 equity/bond one. But to go any further about what an asset allocation should be we need a list of asset classes. So finally to the question, how to decide on a suitable allocation of equities, fixed income and Infrastructure? You can assume I'm retired and following the cashflow ladder. 00:18:45 - When you are advising your clients on whether they have enough capital to retire, do you apply any rules of thumb beyond the assumptions in Voyant. Eg % of plan remaining at 95 or current loss capacity? I appreciate the base assumptions are conservative, but wondered if you apply an extra margin of safety to these before advising someone that they have enough to go? And if you do whether this has changed give all the current market volatility? 00:22:17 - My mother in law has just gone into care and I am trying to sort out a cash flow ladder for decumulation to find the care home. My father in law passed away a few years ago and all his assets transferred to mother in law. There is a range of investment trust on Hargreaves Lansdown platform we have power of attorney to manage. My question is how would you prioritise the order of sale of the Investment trusts? Some are global names managers types ones (Fundsmith etc) other specific geographical location ( Asia small caps etc). Would you undertake a reverse of fund selection as outlined on the tutorial and look at past performance, Sharp ration etc or do you have a different strategy? A bit more detail. She is 89 and has a house that could take time to sell and probably 1yr of card home fees in cash savings and another 3 years of fees in shares. I could sell all and put into a vanguard 60 or similar? Thanks for your thoughts. Rob 00:25:53 - Do you know when Voyant will be updating their software to reflect the latest UK Budget decisions (e.g. personal tax allowances now frozen until 2028)? 00:26:19 - Pros and cons of using a dividend ETF such as Vanguard’s FTSE all world high dividend yield ETF (VHYL) for providing an income for life in retirement Vs an annuity to provide an income for life in retirement? Furthermore, if dividend withdrawals were taken simply from using drawing down all dividends earned in the year Vs if withdrawals were restricted to dividend pay outs only, and in the good times, the withdrawal from the dividend pay out being no more than 4% of the entire pot with the rest being reinvested into the dividend ETF allowing it to grow, effectively acting as something akin to a guardrail? I use 4% as an example simply because of the 4% rule. There would be other income eg. state pension, some DB pension and ISA at various ages. 00:29:14 - When would you enter a DC pension using Drawdown rather than entering as Money Purchase? Is it only when a pension has been fully crystallised prior to the start of the plan? 00:34:03 - Just gearing up to make an additional contribution to my annual allowance. Pete kindly ran through the numbers on a previous Q&A, which was great - but I always have to stop and think this through. If I can contribute (say) 30K, which is to use this years unused allowance and unused allowance from previous years (back to 2019/20), do I contribute the 30K and it costs me this -40% (I'm a higher tax payer - so 18K), or would it cost me 30K? Hope that makes sense? 00:35:28 - If my mother and I go on a cruise and she pays for both of us does what she pays for me count as a gift for IHT purposes? Also if she's making "gifts from income", could she draw from her savings to cover large items like cruises or would the cost have to be covered by her income too to demonstrate her lifestyle is not impacted by the gifts? Thanks 00:38:30 - I have an interest only mortgage of c. £260k linked to a rental property which I have added as a debt with the correct interest rate including a step up when the interest rate changes. The monthly repayment amount is calculating correctly based on my entered interest rates. Within the mortgage term, I have added two one-time payment events (£130k each) to pay off the mortgage. However, when I look at the Debt bar chart display, the debt amount appears to be growing. So, although I can see the two payment events they dont pay entirely pay-off the debt - which continues to grow to the plan end date. I guess what I want to know is why the debt amount is increasing? Is it a setting I have incorrectly set? Or do I need to unlink the debt from the property so I can set an end date (the interest only mortgage runs for 17 years). I can see that the timing of the mortgage is based on the timing of the rental property - which I cant change. This is clearly wrong as the property is owned to Plan End but the mortgage ends much sooner. Thank you in advance. 00:40:24 - I have a question regarding pension contribution limits please... I have a small SIPP that has historically been funded by employer contributions from my own ltd company as a way of reducing the corporation tax bill. I understand that this is maxed at 40k/year. Separately I have a final salary pension that I can access from early next year. My question is... if I take my final salary pension, are the pension contributions that my company can continue to make to the SIPP then reduced (potentially to 4k/year I believe under MPAA?) or are they treated as two completely separate schemes? I intend to continue working at least part-time going forward so being able to continue to minimise corporation tax is an important consideration for me. Many thanks. 00:41:36 - Say I have my years 3-5 pot in a 50:50 Equity:Bonds fund, and I want to split it into 2 separate funds of equities and bonds (as you suggest). What risk levels should I consider for the equity fund and the bonds fund compared to the combined fund? Higher risk for equities, lower for bonds? How much higher/lower? 00:43:20 - I've recently invested in the HSBC FTSE All World Index Fund. Any views on 1) have a separate fund focused more on bonds 2) getting a fund with more UK (as apparently UK companies are undervalued) 3) or trying another fund that's an global index fund. Need to get this year's ISA invested! 00:46:03 - What's your view on using part of a SIPP to create a ladder of single gilts to provide additional 'guaranteed income' to the state pension (I don't have any DB pensions) as an alternative to buying an annuity? If you buy 10 year annuity from your SIPP in drawdown funds can you get the capital transferred back to your SIPP when the 10 years is up? 00:49:14 - I am looking to crystallise part of my SIPP into drawdown but initially only withdraw tax free cash. On the gov.uk website for personal pensions it appears to say that once you have taken the tax free cash you would be expected to draw from the taxable element of the drawdown within 6 months. I wanted to avoid this as I didn’t want to trigger the money purchase annual allowance so I can make further contributions for a couple more years. Do you know if this 6 month ‘rule’ applies to flexi access drawdown? Thanks. Jason - See a bit later in video for what is on GovUk https://www.gov.uk/personal-pensions-your-rights/how-you-can-take-pension 00:51:09 - If I contribute almost all of my salary via salary sacrifice into my pension (90%), would this affect my NI contribution years if I have already paid NI in each month since April 2022? My understanding is that if I get paid between £123-242/week after the contribution my NI record is protected. Trying to maximise my pension contributions while minimising tax and make up for lost time. (I know it's scary how little I know!) 00:55:27 - I see your mates Farewill have recently done a share issue. Have you got your slice? Prev LessonNext Lesson