Drawdown, UFPLS or Annuity - EXAMPLES!

I add a like before I even watch your videos. That's how much I appreciate this channel.

So clear and easy to understand, thank you. I am 63, on my own now and needing to make decisions and this has been so helpful and reassuring.

The best explanation and comparison of Drawdown and UFPLS that I've seen so far - and I've seen quite a few attempts on YouTube

Very good you have made a big subject understandable. I wanted UFPLS as I only invest for income and just wanted to take the natural yield for my needs, and hopefully perhaps only take 80% and allow for some indexing. It then turned out after 20 years that I will never need to draw my pension and I have now passed LTA unscathed. My Sipp, ISA and taxable funds have all performed well over the same period. For the rest of my life I will only draw income from my taxable account and any capital I may need. The concept of making money from money rather than working is poorly understood. Living for today instead of tomorrow.

Can you compare pros and cons of drawdown vs ufpls

Good video, which has crystallised my interest in UFPLS. I'm glad that I built up most of my SIPP while being taxed at 40%, as that's my marginal rate in retirement. Had I only got 20% in relief, and were now being taxed at 40%, I'd be jolly miffed.

Very clear video...thanks! The problem with taking an UFPLS is that an income is taken and so, forevermore, the pension holder would be limited to the MPAA reduced annual allowance or possibly the £3,600 pa, rather than the more generous £60,000pa Annual Allowance.

Thanks Pete! Hope you don't take the comments made to heart too much All the content you put out is top notch Glad you seem to take it as feedback but hey, you know best! You're the chartered FA!

Realising it’s a minority audience, but a video for people who do not intend to draw from their pension fund at all and who’s sole objective is to pass the pension pot to children as efficiently as possible would be useful. Thanks!

This is a great video, showing i can make a couple of different options & make how I take money from different pensions & "be intentional", so that the pensions work for my needs. thanks Pete!

I liked before watching, as usual. Your videos are always useful. Thank you

In the 1990s I sold pensions on the strenght that the tax free lump sum would pay off most if not all of the mortgage and leave the investor with a pension for life. Most were over a 40 year term plus, I was not alone

Thank God for DB pensions - increasingly rare though they are!

Very helpful. Thanks. I wonder what would a person do if they had the bulk of their money - as they approach retirement - not in a pension fund at all but in (non-ISA) index funds? (They might, for example, have the UK state pension plus a tiny private pension to look forward to on retirement.) Anyhow, how would such a person with lots of shares avoid paying shed loads of tax? Have you done a video on this scenario? I'd be interested to know your thoughts. Ta!

Its like buying a car and adding the options you need Good video

Fantastic content as always , would you consider talking about the pros and cons of combining pensions. I personally have four separate ones and realy feel I should be combining them all. I am 52 so a way to go before I retire but its constantly on my mind. Keep up the great content.

Another cracking video. Always informative and helpful. UFPLS was a new one on me. Will need to get my head round it.

Your final guy is going to be awful disappointed next year, when he turns 65 and has to wait another year for his state pension - he'll have to take another UFPLS! I started my state pension last year, and with only a few small dividends of other income, and taking nothing from my SIPP or ISA, I still managed to put about £2k into my SIPP (pre tax rebate)! Coming slowly out of lockdown probably helped, but I'm glad that I found you, so that I knew about the drawdown and UFPLS options. If I don't need to spend it yet, it can wait until I do.

Really good explanation. Was getting mixed up on UF+. This makes sense - thank you.

Brilliant cheers Pete