You are unauthorized to view this page. Username or E-mail Password Remember Me Forgot Password Questions: 00:00:00 - Intro 00:01:45 - Hi Pete. I'm a new member and am going through the academy content at pace and I plan to re-watch most of it before I kick off some serious retirement planning. A quick question. We recently consolidated a number of smaller savings accounts in to a single larger one under my wife's name as she's currently not working and I'm a HRT payer. The goal was to reduce the number of accounts to simplify things. We kind of keep an eye on the different pots in the account by denoting deposits and withdrawals with .01, .02, 0.3 etc. Is there a way to account for different pots of money in a single account in VoyantGo? Or should we split them out again? BTW the pots are for school/uni fees, general savings and emergency funds Thanks 00:04:04 - Hi Pete - going to go part time in September and taking my DB teachers pension early to run alongside. As index linked, got my basic needs covered until I die. For emergency funds, am I best just sticking around £5k in an instant access account, or is there something I'm not seeing as not sure the 3-6 months of expenses now really counts? Got money in a SIPP and a S&S ISA as well. I'd appreciate your views. Many thanks 00:05:57 - Hi Pete, Nick, Ruth & Roger. As part of my retirement planning, I'm looking to take my prev employer's DB pension 5 years early at 60 years in 2027. The actuaries have just reviewed the commutation rates and Ive noted that they have been reduced ie 5 years early has reduced from 0.80 to 0.77, 6 years from 0.76 to 0.74 I had assumed that these changes were brought about due to scheme funding position worsening but I'm pretty sure the gap in the scheme's funding has actually reduced since the last 3 year actuarial review....what other reasons can cause a reduction in commutation rates? Also do you have a view on what rates are poor, average or generous? Thanks. I mean for reduced income. 00:11:12 - Hi Pete. I have a Coventry BS cash ISA which was the emergency fund while I was working (I retired last year). It's only earning 1.75% and it has 2 years to go before it matures. I think I should transfer into a SS ISA which I believe is possible although it says if I transfer out before maturity there will be a loss of interest and put it in a Global index fund as I don't need the cash (I have other liquid funds). Is this a sound strategy or am I missing something? 00:14:08 - You have spoken about the cash ladder and it is covered well in your online course. I understand the concept well, I think, but am wondering what financial products best map on to the different steps? With so many new financial products coming on to the market with the rise in interest rates, it would be good to hear your views. Thanks. 00:19:44 - Hi Pete - last week's Meaningful Digest included an interesting Q&A where a reader asked whether it was possible to have a "check-up meeting" with an advisor and you explained why the regulatory world of compliance prevented such a situation and that when it comes to advice it's all or nothing. What I find fascinating is the continuing urge to retain a relationship with a professional advisor notwithstanding all the tools you provide us with to "go it alone". I still work with my own advisor as you know, although the relationship has moved from a retained to an on-demand service. Does Jacksons have clients that are also members of the Academy or am I just weird? 00:24:40 - Hi Pete, Thanks for all the great content as usual. Now that we can get 5% on a 1yr fixed Cash ISA and 5%+ on a 2yr fixed Cash ISA, do you think its a good idea to sell off our Bond fund allocation and transfer the money into these Cash ISAs? Your Voyant assumption on investment returns is I believe 5%, but the Cash ISAs would give you a guaranteed 5% return. 00:27:20 - Hi Pete, I'm starting to use my GIA as a staging area for future S&S ISA contributions. My aim is to build up an additional £60k in my ISA over the next 3 years (when I turn 55). I currently have £30k in my GIA invested mostly in a global tracker with 5% invested in City of London IT (CTY) and Vanguard High Dividend Yield (VHYL). Do you have views about investment choices or allocation within a GIA? What are the pros and cons of considering a different set of investments in the GIA to those in the ISA? Thank you for sharing any thoughts. 00:29:10 - With the CF ladder for those that can’t split pots in their platform do you simply end up averaging out the risk and risk plus in the same pot ..assuming you don’t want to have several sipp providers? 00:31:39 - Hi Pete - If you don't want to risk the LTA being reintroduced, what are the disadvantages of crystallizing your entire pot (c.£1.8M with 2016 Individual Protection) vs the huge savings by not paying the LTA charge? Is it just to do with the tax free cash sum being outside a pension then for tax and estate purposes if it was reinvested? Is the industry expecting a lot of people to do this whilst it's possible? 00:35:06 - I have question regarding taking a DB scheme pension early. I'll be 55 at the end of the year, and at the moment, I'm unsure as to how long I'll carry on working. At the moment, I'm putting the majority of my salary into my company's DC pension scheme. In the short term, I'm able to get enough income to cover costs by selling shares in my GIA, fortunately(???) without incurring CGT. Before too long though, I'll need to either reduce my pension contributions, or start withdrawing from ISAs. However, when I reach 55, I'm able to take either half or all of a deferred DB pension with an actuarial reduction rate of around 2.6%. I also have the option of taking Tax Free Cash with a Commutation Rate of 24 (i get £24,000 of TFC for every £1,000 of income). When I feed all of the options into Voyant, both the taking my pension early, and taking the TFC show as being advantageous. I'm guessing this is because it allows me to stay invested in my ISA funds and reduces my income tax bill. Just wondering if I'm missing something. I'd be interested to get your opinion. Many thanks, Jonathan 00:37:16 - Currently living in Canada but due to return to UK in late December this year. Plan is to retire and current have the following pensions in UK. One DB and three DB which two have minor values in them. I also have a DB pension with a Canadian company. I understand that I cannot receive financial advice till I return to UK is this correct? Joined the academy and just started working my way through the program. (Useful link: https://www.perceptiveplanning.co.uk/about-world-citizens ) 00:39:20 - Currently drawing down £12,570 p/a from taxable pension drawdown and using tax free cash for balance of income. I understand I can still contribute a gross figure of £3600 back into my pension but if it gets taxed taking it back out again is it worth the bother? 00:42:29 - Meaningful Academy progress report on new website. Prev LessonNext Lesson