In this video: 00:00:00 - Intro 00:01:52 - Hi Pete .. I am a good way through the course now and enjoying. it .. we are in the fortunate position of having our monthly need met by DB schemes so the ladder is not so essential for annual draw downs but still important to help with the more unexpected larger drawdowns or gifting . Year 1-2 are sorted and I have a clear sense of what to do for Years 5 plus and 10 plus according to our risk tolerance .. however I don’t know where to start on picking bond funds for year 3- 5 part of the ladder … I can see similar threads in this group as other face the same quandary of what we should be looking for in a bond fund that can be drawn on in the event of a significant fall in stocks. I read an article on a couple of vanguard bond funds covering total market and another on their Uk and have also been tempted go with LS 20 just to get a bit of everything and take away my anxiety .. I know you can’t comment on specific funds but pointers on where to start would be great . Many thanks Pete B 00:04:58 - I have two SIPP pensions. I am looking to retire next July and live of my bucket 1 until the following April. Then I want to start to drip money from one of my SIPPs up to the personal allowance and top up from my investment portfolio. My question is around avoiding emergency tax on the drawdown assuming I would not have an income from July-April? 00:06:54 - Question re pensions annual allowance for very low income earners. If you have no income I know that you can contribute up to £2880 pa into pension which then becomes £3600 once the tax relief is added. How much can you contribute and get tax relief if you earn a very low income below £2880, say £1000 pa from ad hoc jobs - can you then contribute £1000 more into pension each yet and get tax relief or is it deemed to be still within the £2880 limit until you begin to earn more than this and then the £40k limit kicks in? 00:08:12 - Not sure I really understand the Meaningful Academy section on Updating a Voyant Plan Year and what it is I am supposed to do come April 2023. I have recurring nightmares of all of my plans disappearing in April if I don’t act soon!! Please, please can you put my anxious mind at peace. 00:12:17 - A relative has recently gone into a care home, still has a house ( primary residence) , but we have a lot of work to do before it can be sold. Are there any “traps” to be aware of if it takes us a long time to sell the property? 00:13:27 - Hi Pete (again) Later Life Question. My wife and I already have a discretionary trust set up as part of our will , prompted because my Wife has disabilities which means she is unlikely to be able to live independently without considerable support when I’ve gone. She has good pension income and assets in her own right and the plan was to “protect” my assets for the benefit of the children. More recently I have become concerned about the future ongoing costs and responsibilities on our chosen trustee and a recent review with the solicitor still left me unclear! He didn’t seem to want to go deep into how costs mount up. Your video spelt out the some of the ongoing tax and CGT cost etc and that’s before the solicitor hourly costs etc .. Is there an estate value below which a discretionary trust should not be considered . My share of our estates is just below IHT threshold currently but in early 60.s 00:17:56 - My wife is a non-earner/non-tax payer and doesn’t have a SIPP currently. I know that she could contribute a maximum of £2,880 per year into a SIPP and get the £720 of tax relief (at 20%) added by the Government. I’m retiring later this year and plan to set up a SIPP for her and deposit the £2,880 (plus £2,880 for the last three missed years – is that correct?) in order to benefit from the tax relief in preparation for this. My question is…. can she continue to contribute the £2,880 year on year (until age 75) while also withdrawing the resulting £3,600 or is that pension recycling? She does have other investments in her name so would we need to show that these have been used to fund the deposits perhaps? 00:19:43 - Is it possible to run options in Voyant for children or do they need to make their own investment in the course and package? (I am urging them both to do so). 00:21:00 - Hi. When adding my ISA, I am unable to edit the Growth Rate tab. It is set at3% whereas in your video you edit it to 5%. If it’s relevant the Portfolio/Holdings is in the ‘Grow this account by’ box and I am unable to change this either. 00:21:24 - Pete, perhaps you could run through what the Calculation Settings do and which ones would be suggested to have on, and which off. 00:25:43 - I have far more assets held in GIAs than in my pension or ISA. Should I be transferring as much as possible into my Isa and pension each year? 00:26:11 - I have a question about bonds. I set up my cash ladder (yrs 3-5) with bond funds (VG gilts and VG LS20) just over a year ago and of course with the market changes these have dropped by more than my equity funds (yrs 6+). Presumably the bond funds hold actual bonds which pay interest and mature and proceeds of which get reinvested into new bonds paying higher interest etc. with there own market price dynamics. Can I therefore assume bond prices should eventually recover at some stage, subject of course to any future market disruption? The reason I ask is that if they are likely to languish in the long term at these lower prices, I’m tempted to reinvest them in another asset class….which I know goes against everything I’ve learnt. Thanks for everything you do. 00:28:20 - When adding a GIA, how do I set the growth rate? It says ‘Capital Gains 3%’ Is this the growth rate? Sorry if this is a stupid question: this is a steep learning curve for me. 00:31:07 - As a new member and first time contributor, I’d like to ask if it’s worth while contributing to a SIIP while I continue working (maybe another 5years or so) I already benefit from a DB pension but am currently self employed part time and will be eligible to claim my state pension later this yr. If a SIIP is a good idea then is there a limit to how much I could invest in one? Thanks in advance 00:32:43 - The Voyant Spring clean is nearly upon me, and I was reflecting on the state of the global economy and markets. Do the Plan Settings in the Academy still hold true, or are the assembled ranks of economists and other gurus at Jacksons now using slightly different values for Inflation, Investment Growth, etc? Either way, I'd appreciate any thoughts you can share on a prudent assumption to make of real return on investments over the long term. 00:36:45 - I have maxed put my salary sacrifice to put into my company nominated pension provider (Cushon). The question is, I get my pay check with all the salary sacrifice calculations end month but the money is not credited to my pension account until middle of the next month. So, my end march contribution won't show up in the pension account until mid April. So, in which tax year does the contribution get accounted? Thanks, Craig 00:37:26 - I am approaching "normal retirement date" of my final salary pension scheme and have a couple of questions please... firstly does it ever make sense to delay taking the pension (I am still working part-time self-employed) or should I grab it with both hands? (It wouldn't take me into a higher tax bracket)...secondly my question relates to the 25% lump sum...I know you have covered this in some YT videos but I'm still really on the fence! I worked out the commutation factor to be about 19 which I understand is quite "mean" - is this something that you feel should influence a decision? 00:41:12 - Hope you are fighting fit again now. I have a question about the state pension. Both my wife & I qualified for full state pension based on the new state pension post 6th April 2016. When one of us dies in retirement will the surviving person be entitled to a percentage of the deceased partners protected state pension? and how do we find out what if any part of our current pensions being paid are protected I.e. above the basic state pension. 00:42:48 - Hi Pete, just a very general question about the performance of personal pensions. Tracking my largest pension pot it peaked in Nov 21, then recovered quite well (not near previous levels) but has now fallen again in Feb 23. I have learnt from your course not to be concerned about the up's and downs, and don't need to use it for some time to come. But wondered if there is anything especially unusual going on as a result of all the unprecedented issues with cost of living and high fuel prices etc. Are we in unchartered water's or will pensions fully recover as always, but maybe take a little longer. Many thanks, really great to be part of this, and appreciate all the advice given. 00:44:52 - I’m taking my NHS (DB) pension this year as there’s no benefit in leaving it alone I’m carrying on working outside the NHS and will increase my work pension contributions a small amount (low cost and global investment) with 17% employer contribution match (I know - very lucky) Q: if I invest more into my ISA, when I’m past the three years for potential recycling, is there anything to prevent me cashing some of my ISA in and increasing my pension contributions to the max £40K and using up some carry forward? I’ll stay within my income Thanks Jim 00:45:46 - I've seen mentioned online that, if planning to take a lifetime annuity and you are in the position of being able to qualify for an enhanced rate due to medical history / current state of health, the best rates may be available from annuity providers offering higher rates only via financial advisers. Is there any truth to this and, if so, is the difference likely to be significantly more? 00:48:12 - Your thoughts on covered call ETFs such as QYLP and QYLD which are now available in the UK, which apparently pay dividends in the good times and still pay out in the down market times. Ramin from Pensioncraft touched briefly on them and indicated that he liked them. Are they any good as part of a retirement plan. What do you see as being the pros and cons of covered call ETFs as part of a retirement plan? 00:50:13 - Is it quite possible that an employee aged 24 would be better off with a low cost DC pension into which the employer contributes 8% of pensionable salary (and the employee contributes 3% of salary) RATHER THAN be a member of the employer's DB scheme that is a career average pension scheme into which the employer contributes 26.6% (and the employee pays 4.6%) ??? The 24 year old may well change employer in about 18 months! In case it's relevant the Normal Pension Age for the DB scheme, is the state pension age and it has a fixed accrual rate of 2.32% of earnings each year. 00:51:44 - Do you have a guide for inputting an NHS pension into Voyant? 00:52:22 - Considering the upcoming changes to CGT allowances... Are there any benefits to starting CGT harvesting (above the CGT allowance) in this tax year and paying the CGT tax ? 00:53:45 - Last month you mentioned that you thought that there could be more annuity providers as time goes forward. Can you expand on this, including why please? 00:55:52 - Q: I hold Van LS60 in my Sipp (c40%) and my ss isa (40%) on ii platform.....before I knew better that LS 100 or 80 or the hsbc global ftse index fund 0.12% fee was a better match for my risk profile. How does this work ....do I just sell and buy? 00:56:54 - Could Voyant Go be lobbied to allow us to input a different rate of inflation for each of the next two years, followed by a typical rate for year 3 onwards? 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