PENSION DRAWDOWN & ANNUITY COMBINATION // Retirement Planning with your Personal Pension UK
A Chartered Financial Planner based in the UK. If you would like to book a call or initial meeting with me, you can do so via: https://featherstonepartners.co.uk/about-us/ About Featherstone Partners: https://featherstonepartners.co.uk Drawdown & Annuity Combination - Retirement Planning with your Personal Pension ⭐ If you did find this useful or informative and you wish to support the channel you can do so using the 'SUPER THANKS' button under the viewing screen. THANKS! 🙏 The focus of how to take an income from a personal pension is very much on drawdown and that really being the only solution. It was George Osbourne that stated in 2014, that no one should have to buy a pension annuity with the launch of pension freedoms. However, and I alluded to this in a previous video that taking a combination of annuity and drawdown can be an effective strategy and we’ll look at that in a bit more detail today along with why the trend away from annuities could be slowly reversing. Which brings us onto an interesting proposition with the annuity, that we are effectively blending this with the use of drawdown. Potentially with a secure income in place it lends itself the potential for then taking a higher level of risk with the drawdown investments. By securing a level of income we can then potentially replace some of the lower risk investments within our pension with higher risk ones. The combination provides a potentially powerful mix of assets. And this brings us onto risk. The assets that might be considered low risk investments such as bonds and gilts still carry risk in as much as they can still fall in value, there is still risk to your capital with these investments. And the case for equities is a well-trodden one, we have all see the information relating to past performance, how returns have bounced back after the various falls in value, stats from 1929, 1973, 1992, 2000, 2008 and of course 2020. But that is exactly that, its historic and as much as we look at that data and all of the information it provides to us in an effort to call what will happen in the future it is still a guess, there are still unknowns, so the call we have to make is one of security and certainty versus one of historical precedent, as in, it happened like this in the past so we assuming it will likely occur again. 🗒 Please note: The information provided is based on the current understanding of the relevant legislation and regulations and may be subject to alteration as a result of changes in legislation or practice. Also it may not reflect the options available under a specific product which may not be as wide as legislations and regulations allow. All references to taxation are based on my understanding of current taxation law and practice and may be affected by future changes in legislation and the individual circumstances. This channel is for information and education purposes only. Any information or guidance given does not act as financial advice. Please consult a financial adviser if you are unsure in anyway. Keep in mind that the value of your investments can go down as well as up, so you could get back less than you invest. ⭐ My aim is to provide education and guidance to help individuals understand pensions, investments and protection. #drawdown #annuity #retirementplanning
A Chartered Financial Planner based in the UK. If you would like to book a call or initial meeting with me, you can do so via: https://featherstonepartners.co.uk/about-us/ About Featherstone Partners: https://featherstonepartners.co.uk Drawdown & Annuity Combination - Retirement Planning with your Personal Pension ⭐ If you did find this useful or informative and you wish to support the channel you can do so using the 'SUPER THANKS' button under the viewing screen. THANKS! 🙏 The focus of how to take an income from a personal pension is very much on drawdown and that really being the only solution. It was George Osbourne that stated in 2014, that no one should have to buy a pension annuity with the launch of pension freedoms. However, and I alluded to this in a previous video that taking a combination of annuity and drawdown can be an effective strategy and we’ll look at that in a bit more detail today along with why the trend away from annuities could be slowly reversing. Which brings us onto an interesting proposition with the annuity, that we are effectively blending this with the use of drawdown. Potentially with a secure income in place it lends itself the potential for then taking a higher level of risk with the drawdown investments. By securing a level of income we can then potentially replace some of the lower risk investments within our pension with higher risk ones. The combination provides a potentially powerful mix of assets. And this brings us onto risk. The assets that might be considered low risk investments such as bonds and gilts still carry risk in as much as they can still fall in value, there is still risk to your capital with these investments. And the case for equities is a well-trodden one, we have all see the information relating to past performance, how returns have bounced back after the various falls in value, stats from 1929, 1973, 1992, 2000, 2008 and of course 2020. But that is exactly that, its historic and as much as we look at that data and all of the information it provides to us in an effort to call what will happen in the future it is still a guess, there are still unknowns, so the call we have to make is one of security and certainty versus one of historical precedent, as in, it happened like this in the past so we assuming it will likely occur again. 🗒 Please note: The information provided is based on the current understanding of the relevant legislation and regulations and may be subject to alteration as a result of changes in legislation or practice. Also it may not reflect the options available under a specific product which may not be as wide as legislations and regulations allow. All references to taxation are based on my understanding of current taxation law and practice and may be affected by future changes in legislation and the individual circumstances. This channel is for information and education purposes only. Any information or guidance given does not act as financial advice. Please consult a financial adviser if you are unsure in anyway. Keep in mind that the value of your investments can go down as well as up, so you could get back less than you invest. ⭐ My aim is to provide education and guidance to help individuals understand pensions, investments and protection. #drawdown #annuity #retirementplanning