Retirement income options with a £200K pension pot - Episode 5 Pension Income Planning

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In this fifth episode of a pension income planning series we look at what income levels you may achieve with £200K in pension savings. We also look at how inflation may impact your retirement income and look at both early retirement and retirement at state pension age scenarios.
Inflation was around 4% at the time of filming but jumped to over 5% just one week later.
We look at annuity incomes assuming you will take the 25% lump sum in full and use the remaining balance to buy an annuity.
We then look at keeping all of the money invested and potential income options using drawdown.
L&G Retirement Income Calculator: www.legalandge...
2020 Financial Drawdown Calculator: www.2020financ...
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Episode 2 - £100K pension pot: • What retirement income...
Episode 3 - £300K pension pot - retire in comfort:
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Episode 4: £400K pension pot: • HOW much you need to s...
State Pension - do you qualify: • UK State Pension Expla...
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Top drawdown providers: • TOP 3 DRAWDOWN Providers
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How to top up your state pension:
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www.gov.uk/vol...
Delay claiming your state pension: www.gov.uk/def...
Retirement Living Standards: www.retirement...
Hargreaves Lansdown pension planning: www.hl.co.uk/r...
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Keywords:
Bouncing Back, pension income planning, pension planning, pension planning uk, what retirement income will a 200k pension pot provide, income options for a 200k pension pot, retirement income options with a £200k pension pot, can you afford to retire early with a 200k pension pot, pension drawdown calculator, £200k pension pot, 200k pension pot, is a 200k pension pot enough to retire on, can i retire on 200k, what income will a 200k pension pot provide, retire with 200k
#retirementplanning #pensionplanning #pensions
DISCLAIMER: This is NOT financial advice, it is financial education. Be sure to seek a professional financial advisor for advice tailored to your needs.
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Опубликовано:

24 сен 2024

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Комментарии : 82

@KristinPMosher 10 месяцев назад

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

@JulietKellyy 10 месяцев назад

One crucial aspect of earning profits from stocks is to avoid being frightened and selling them prematurely. It is vital to understand that stocks should not be treated as mere lottery tickets. Consider acquiring the assistance of a financial advisor to navigate your investments.

@mariaguerrero08 10 месяцев назад

I appreciate entrusting investment decisions to a coach whose expertise centers on leveraging risk for its asymmetrical potential. Over the past two years, I've made over six figures working with this coach, benefiting from their skills in navigating the market.

@mikegarvey17 10 месяцев назад

@@mariaguerrero08 Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.

@mariaguerrero08 10 месяцев назад

“Camille Alicia Garcia” my financial advisor, holds a broad understanding of portfolio diversification and is renowned for her proficiency and expertise in the financial market.

@ConorBrews 10 месяцев назад

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@tancreddehauteville764 2 года назад

Drawdown is the best route - because you are in full control of everything and your options remain open. Avoid annuities like the plague.

@ferenczsinko6770 6 месяцев назад

I have just run the same L&G calculator 17/03/2024 with same figures. So when this video was made the figure was £5325, Today 3 years on, the same figures would give you £8100 a year for life - that's £2775 a year more for life or an additional 52% more per year, every year until you die. Rates have gone up amazingly and this is the year to take an annuity before interests drop back resulting in lower figures. I will come back in a further 3 years time to see what the L&G calculator shows for the same figures in 2027. Interesting stuff - Subscribed.

@brownwellson54 10 месяцев назад

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.........

@GudrunScharrer 10 месяцев назад

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge/professional

@LorenaG.Cresswell 10 месяцев назад

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.........

@LorenaG.Cresswell 10 месяцев назад

There are a lot of independent advisors you might look into. But i work with Stephanie Kopp Meeks” and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.......

@GudrunScharrer 10 месяцев назад

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII..........

@timhanser1943 2 месяца назад

Lol

@tonykelpie 3 месяца назад

There is no substitute for putting the effort in to understanding and controlling your own expenditures and your various sources of income. This approach is simplistic and misses out the importance of understanding and controlling expenditure

@williamjohn1374 2 года назад

Retirement is wonderful if you have two essentials - much to live on and much to live for. Invest wisely and get good returns.

@fredrickconte6270 2 года назад

thank you, can you give a pointer the best investment now ? i am thinking of getting stocks or cryto

@williamjohn1374 2 года назад

The key to making money in stocks is not to get scared out of them. An important key to investing is to remember that stocks are not lottery tickets.get a financial assistant

@wilsonjudson1650 2 года назад

I think this is also a great time to invest in private equity and cryto. Can you give a pointer ?

@williamjohn1374 2 года назад

I currently work with VIVIAN KLAINE MORGAN a financial expert i met in a seminar

@dorissteve912 2 года назад

I recently watched VIVIAN KLAINE MORGAN on TV , such a great speaker . but have you made any profit whatsoever working with her ?

@BouncingBack 2 года назад

Episode 5 of the Pension Income Special series - what income a £200k pension pot could provide. We also look at inflation impacts, which jumped to just over 5% in the space of one week from filming to release.

@Whalewraith 3 месяца назад

Im old enough to remember the winter of discontent . Inflation hit 18% in 1980 (UK). I don't expect it to get that high again but it can go well over this 3% people keep throwing around. Maybe im missing something but what possible reason is there to spend a £200,000 pot to take £16,000 a year for a decade? (total£160,000)

@philcushion6592 2 месяца назад

Why are people so optimistic that they will actually live long enough to benefit from 20 or 30 years of pension drawdowns. At 80 most people die or are too frail to do anything meaningful. So bear that in mind when running such calculations. Having some money left over when your dead will do you no good whatsoever

@Codydawg1 2 месяца назад

Annuity income rates drops if you factor in inflation rise each year, otherwise you receive this fixed amount for life.

@yasinnabi 2 года назад

Awesome sharing, enjoyed watching your videos :)

@YOUAREMOVINGUP 2 года назад

Great video lots of easy to understand information. Thanks

@BouncingBack 2 года назад

Glad it was useful

@robbloom272 2 года назад

Thanks Helena, another great video 😊

@BouncingBack 2 года назад

Thank you for watching!

@DC502_ 2 года назад

I'm 37 and starting to worry about being homeless once I'm realistically too old to work, as I'm on a relatively low salary and don't own a property. I've always paid into a corporate pension and will continue to do so but I don't know if it will be enough as rents and property prices will only keep on rising. Unlike my salary, as I've always had trouble taking on more responsibility. I'm currently trying to track down a previous pension, which is proving difficult but will keep at it. Then will do some calculations.

@paulmessenger9836 Год назад

You must try hard to get on the property ladder because renting could be a problem in retirement.

@PDCRed 2 года назад

I'm not an an adviser and all imo... Even in retirement (for drawdown) I think people don't take enough risk. You should be able to achieve a target drawdown of 5-6% so long as your risk is high enough and you adapt your drawdown to reflect market conditions.

@lessharkboy 2 года назад

Thank you, was hoping you'd make this video 🙂

@BouncingBack 2 года назад

You're welcome

@JURASSICDIVERUK 2 года назад

Another great video and very informative. Sorry if this is something you have already done..... But could you do a video on how much you ideally should have in your pension pot by the ages of 30, 40 and 50...like would £100,000 but a good target to reach by 50? Thanks!

@BouncingBack 2 года назад

Thanks for the feedback. I will add your suggestion to my list of future vids and get working on it.

@mal3519 2 года назад

Great content very informative Thanks.

@BouncingBack 2 года назад

Glad you liked it

@debrafrugal7584 2 года назад

I just made my first $20,000 in cryptocurrency I'm so glad I'm gonna have a successful retirement.

@scottkarl2514 2 года назад

congratulations, I'm still mining bitcoin on my bitcoin cloud.

@JayM-is8js 2 года назад

@Prof. Kauser Great!! please how can I start trading with him from los Angeles? He is quite famous, I've been hearing about him at work, for a while now, with many recommendations.

@isabellakate3429 2 года назад

I trade with Mr Felix Hartmann too, for a month now... I've made $9,000, I wanna go into long term investment.

@kkk-ew2lm 2 года назад

*Most* *people* *think....* *Investing* *in* *crypto* *is* *all* *about* *buying* *coins* *and* *holding,* *till* *it* *rises,* 🙅 *come* *on* *it* *takes* *much* *analysis* *to* *be* *a* *successful* *crypto* *trader.*

@alanfoss8990 2 года назад

thank you guys, for the info, you need to make your investment versatile, I invest in stocks, forex, gold etc I'm gonna sell some stocks, so i can invest good capital in crypto with Felix Hartmann

@blhlow4904 2 года назад

Thanks, Helena for your videos. Much appreciated. I'm thinking of withdrawing from my company's pension and/or my SIPP this year and am considering between drawdown and UFPLS. I definitely do not want an annuity because of the low interest rates. Could you comment on the difference or do a video on this?

@BouncingBack 2 года назад

I am planning doing a video along these lines soon.

@terrycooper2309 2 года назад

Worked for several companies over the years. Have a pension (some small) of different types, proper corporate,people's, etc. Any advice on how to handle the situation?

@chipledhungaman 11 месяцев назад

Bonds arent such a safe bet at the moment (Oct 2023)

@mark-se6ef Год назад

read up on the return since 1926 on the sp 500, its not rocket science.

@peterjohnson350 2 года назад

Great video. I have retired a few years early and my state pension will start in 3 years time. Can I draw down a higher amount over the next 3 years to use up my personal income tax allowance and then reduce the drawdown when my state pension kicks in? Many thanks

@BouncingBack 2 года назад

Glad you liked it. One of the great benefits of drawdown is the ability to take a flexible income, so you can draw down more now and then drawdown a lower amount once you get your state pension. You need to be aware of any impact a higher drawdown rate now may have on your pension savings and whether your remaining pension pot still provide you with the income level you want once you get your state pension.

@peterjohnson350 2 года назад

Thank you so much for confirming what I suspected.

@wernesgruder1 2 года назад

Hold on. Simulations ending below zero is a tiny 2.5%. What a huge risk…..take 7% until 67 and then drop it to 3% when you get your state pension. Remember the pension companies make money by keeping your money in their schemes. % charges so the more in the pot, the more they earn. Who wants to die with £200k in the pot

@jamesmoyes5685 Год назад

She doesn’t mention maintenance fees.

@paulmessenger9836 Год назад

Property is best the renter pays the debt and you can remortgage and get money tax free

@excalibur8021 2 года назад

Do NHS pensions be affected by inflation and investments?

@davideyres955 5 месяцев назад

If they are like the local government pension then yes, but only before you start taking the pension. It’s a final salary pension and they base that on the salary you have or had if you have left. So where there has been no pay rises for cost of living ie when we had austerity based pay freeze, then your pension is reducing by whatever the gap is between inflation and the annul cost of living rise. Once you retire then payout is linked to inflation. However the government keeps attacking the pension so no guarantee they won’t have fubar’d it up by the time you retire.

@tonymarshall5815 2 года назад

Just a quick question, if I start drawing down at 67 am I still allowed to pay into my pension as I do now?. Thanks

@alangordon3283 2 года назад

No . You are only able to save up to £4000 maximum .

@jbarea2080 Год назад

£4,000 is nothing to save after activating your pension.The goverment should increase this. Retires on lower retired pensions should be allowed a larger allowance going forward.

@christopherflynn843 2 года назад

Give L&G 200k and they give you back 160K over 10 years? um.... no.

@BouncingBack 2 года назад

You are forgetting to factor in the 25% tax free lump sum up front which is £50K, you then use the remaining £150K to buy the annuity. So when you add it all up you get back more than £200K in total. The £50K lump sum and the £150K to buy an annuity is shown in one of the slides in the video

@JamesandRibble 2 года назад

@@BouncingBack it's still not much of a return. Buy a portfolio of lower risk equities, with 3 to 5% yields, and probably a bit of capital growth over 10 years. Given we are all living to 90 these days, it doesn't pay to be too risk averse in our 50's with a very low return 10 year annuity that leaves you with zero capital and wholly reliant on the state pension at the end.

@mark-se6ef Год назад

£14.175.00 pounds for ten years = £141'175.00 + £20.000 lump sum at the end. I give you £200k and you give me back total return of £161.175.00. there are a lot of stupid people around. How about, I just stick it in the SP 500 tracker fund that since 1980s this has produced 11.34% and let say I dumb it down to a return of 10% and at the end I still would have £200.000. My sauce Hargreves Langsdown pension calculator. people stop getting ripped off by fund providers.

@slabbygabby 11 месяцев назад

Qyld is my bet. I have 30 years till retirement and I put 15 000 in it and let it reinvest. I think that will give enough for my retirement after 30 years.

@AgileSnowWeasel 4 месяца назад

Yes, if you're 57 you stick that £200k into an ETF (VRPL or SP500) and stick out the day job for a few more years. You'll (fingers crossed) have well over 300k, maybe 350k if you've continued contributing by 62 which is still a nice early retirement. If you're 67 and stuck with £200k then you do the same investment, take out £40k into a cash buffer in case of downturn, and hope the £160k accumulates more than you take out (and you only take out money in good years, you use the cash in downturn years) and you'll have a small but noticeable income stream on top of the state pension. Btw you should inflation adjust your returns, and take fees into consideration - 6% to 7% is more realistic.

@SteveDalton-ed2nw 4 месяца назад

Would it not be better to have £200,000 in an ISA? Average 4.5% interest. You would get a return of £9000 per annum. You would not pay tax on the interest and if you are receiving a state pension it will not affect your income tax allowance. OK the original investment would be reducing through inflation, but would be a lot better than these scenarios. Not including the tax you would save, the return would be £380000. Pensions are a con

@roygoad2870 3 дня назад

@@SteveDalton-ed2nwThe annual tax year ISA limit you can invest is £20,000

@mark.k7206 2 года назад

Your Video is either totally wrong or Legal & General are having a laugh 3.15 into Video you say You could have £14,175 p.a Fixed for 10 yrs & £20,000 lump sum at the end……so i have given L & G £200,000 and over 10 yrs they are giving me back only £161, 750 Then you say instead you could have a fixed amount of £16,050 p.a & no lump sum. So again, i give L & G £200k & over 10 yrs they give me back £160,500 Why would anyone do either of these proposals, which is just giving L & G £40,000 & any internet over these 10 yrs. these figures must be wrong

@BouncingBack 2 года назад

In one of the slides it shows you get your 25% tax free lump sum up front, which is £50K, then you buy an annuity with the remaining £150K. Therefore you get back more than £200K over the 10 years. So the figures are not wrong - you get more back over the 10 years than your initial stake.