You are unauthorized to view this page. Username or E-mail Password Remember Me Forgot Password In this video: 00:00:00 - Intro 00:01:42 - I like the idea of the drawdown ladder but was wondering, do you have any guidelines as to when and how much to drawdown into, say the 2 years cash bucket from an equity portfolio. Timing is such a tricky thing, especially when markets are volatile. Do I do it once a year, or wait until market conditions are favourable (assuming cash bucket hasn't run out). This would be from my SIPP as I have a DB pension that covers my basic needs. I've read about a system called Guyton's guardrails but would appreciate your thoughts as I will be moving to the deaccumulation phase of life in the next few years. Thanks as always. 00:06:33 - I have recently retired, (and thanks to the Academy and Voyant Go for giving me the confidence to do so) and I am tweaking my portfolio for income, and have some questions on best practise for this please. 1. Where a fund/ETF is available in either income or accumulation - do you have a preference to choose income type, and 2. If a customer already has a fund in accumulation, do you transfer it to the income fund? 00:08:04 - Hi Pete, another question if I may please. Using the Cashflow Ladder asset spread there is a 15% allocation toward High Yield Bonds. There is not too much reliable information out there on the usual channels on how best to research these, and whether one fund would provide enough diversification for this asset class? Any (non-recommended) pointers would be appreciated here please. 00:09:41 - I posted this question in the main group, but would really welcome your thoughts on this. My current Voyant settings are (broadly) in line with your recommendations from the academy material. It feels like it would be prudent to change some of the figures related to inflation to understand how our plan will respond. Are you considering doing this for your clients? Do you have any thoughts you can share? I'm thinking in particular of the Inflation Rate and what its relationship with other settings ought to be. 00:16:00 - Can you use VoyantGo to ensure you have certain defined levels of cash and other assets held each year? I think I'm right in saying that if you've specified a liquidation order with cash savings first then it'll spend cash on expenses first. I can imagine in heavy expense years this could then run down to zero so you'd have no cash reserves? Could you then also manage 3-5, 6-10, 11+ etc or is that our of scope for a broad brush planning tool so i should do in Excel instead? 00:17:14 - I like to predict my self assessment tax return for the upcoming year but HMRC don't allow you to fill it in in advance. Is there a calculator or spreadsheet i can use to do this? I have my own but i feel as if I'm re inventing the wheel each year when i have to familiarise myself with all the changes. Which members get a Simple Tax free deal but when you click through the are monthly charges if you want to see how it's worked out. 00:17:58 - Hi Pete, with global bonds falling further even than global equities and cash eroding with high inflation, do we need an additional hopefully uncorrelated asset class to cope with future economic situations? It's obviously too late now it's happened. Has the traditional cash bonds equity strategy had it's day? 00:22:18 - I’m curious about how I would manage investments in a General Investment Account to take full advantage of the £2000 dividend allowance and £12300 Capital Gains Tax allowance, assuming that I’d used up ISA and Pension allowances first. Is it as simple (I assume not) as splitting investments between Accumulation funds for the capital gains, and income / distributing funds for the dividends? So, assuming a growth of 5%, having £246k in Accumulation funds would give £12300 gains, and having £40k in income / distributing funds would give £2000 dividends (again assuming 5%)? 00:23:58 - My Mum has a discounted gift trust which pays 10% PA of the original invested capital whilst the remainder is invested. Her FA repeated told us that that it can’t be dissolved and the capital returned. On top of that the FA has recently very little interest her as a client. The capital is invested in expensive funds … is there a way to assert control of a DGT ourselves ? How do we do this? 00:28:10 - I am due a DB pension in 18 months from a plan that has been deferred for the last 15 years or so. Once in payment it increases by CPI with a max of 5% - so if inflation remains high it will lose value in real terms. Its deferred value is measured using something called a Section 52a order - which measures an average 5% inflation over the whole period between leaving and taking benefits. I think this means that since inflation has been generally low over this period there is headroom for the revalued pension to keep pace with CPI if I delay taking it, say, until inflation is back under control (I don't need the income from it for the next few years). Have you come across this situation at all - and if so is my thinking correct? Thanks! 00:30:20 - Do you have a simple idiots guide method to stress test your financial position on an annual basis. Especially in light of current pressures. Ta Rob Young. 00:32:30 - You may have covered this in an earlier question but am wondering whether use of bonds for the cash ladder is still a valid approach. I purchased bonds last year as part of creating a cash flow ladder but these have fallen in value more than my portfolio of equities. I am due to rebalance soon but am unsure now whether to sell / buy in the portfolio to keep asset allocation as originally planned. Obviously not looking for advice but interested in whether your thoughts on the traditional view on role of bonds in retirement portfolio and in the cash ladder is still the same given the current economic situation. Many thanks. Toby. 00:34:14 - One of my DC pensions is on the default lifestyle profile for a target retirement date of March 2023 when I will reach state retirement age. I thought the purpose of these professional managed company pensions was to lower risk as it reaches the target date. The pension is nearly 60% invested in the L&G Preretirement fund 3 which has lost around 30% of it value since the start of the year due to a large holding of long term gilts. The manager tells me not to worry because annuity rates have gone up to compensate! Do I have a legal case? surely shorter term bonds and more cash/MM funds should have been used to preserve my capital. How long do you think it will take for any recovery in the long term gilts and I am thinking to delay taking this pension. 00:38:00 - In VoyantGo is there anyway to overide defaults so that inflation = 11% this year, 6% next year and then 3% for every year after that? 00:39:11 - In my opinion Lifetime ISAs are much better than Help to Buy ISAs. According to the gov.uk website "If you have a Lifetime ISA and a Help to Buy ISA, you can only use the government bonus from one of them to buy your first home. You can transfer money from a Help to Buy ISA to a Lifetime ISA. If you transfer money from a Lifetime ISA to a Help to Buy ISA you’ll have to pay the 25% withdrawal charge." If my daughter has £6,000 in a Help to Buy ISA can she transfer £6,000 from it into a Lifetime ISA this tax year (and receive a £1,500 bonus) and add another £4,000 new savings and receive another £1,000 bonus from the government? Or is she restricted to transferring £4,000 this tax year and then having to wait until next tax year to increase her savings in the Lifetime ISA? 00:41:30 - Pete chats about his struggle with chronic fatigue. 00:40:00 - Will anything be added to the Academy on long term care? Prev LessonNext Lesson