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7:09 really defensive for a 55yr old unless it’s a huge pot? I find gold too unpredictable and won’t have it and I would still prefer short term single gilts as my panic button if things crash for 3 years.

So, crap state pension, and then they make it harder to save for your own? Higher mortgage rates, and at the end, inheritance tax is also higher whilst the banks make huge profits. Energy companies make huge profits too whilst pensioners lose the WFA? VAT remains at 20% on today's inflated prices? 🤣

At least I know that the money stolen from me is being used to house and support uncontrolled illegal immigration. They have earned their freebies...so they think.

In your typically understated way you have once again played a blinder.

You can blame that on hunt, he did not raise the personal tax all, so gave us triple lock with one hand and took in stealth tax with the other, we have to pay 168.00 per month + the fuel all , that makes 2100.00this year it will go up again April next year, so stop blaming Labour.

Do lots of research and become your own Financial Advisor. You are more motivated to get it right than any FA you could employ.

Lets see what Trick or Treat brings the top and bottom is the country cant afford its ageing population and they want all to stay in work longer and longer This budget could push the state retirement age to 70 and there may be changes to ISA and SIPP in this budget work a long time live a short retirement will become the norm and take away the perks to allow you to finish work early

I don't have a clue about investing..work on a minimal wage,but saved a small @ healthy amount,I've employed a FA AT 0.95% WITH A £2300 Set up fee...hoping they will build me wealth,then I'll just put it in a high interest account and spend it until I die.now age 60..don't want to work past 63...no idea if I'm doing the right thing at all!

Great video and some gold coins are cgt free, so may be popular in a few weeks time after the autumn budget!!

The last labour government for many many years

We are tax tax tax what happens after 100% tax

Show as the MP pension nothing like £882

This is on anybody who voted these clowns in! 22billion black hole my arse!

Just get him out

Hi mate . Dont you think fidelity is better? Has more emerging and only 60% US? Also it’s beta and SD ratio better? More diversified?

So far this morning watching your channel I've had financial advice which has changed my mind and now I'm thinking more positively about retiring early...

I'm not leaving an inheritance so I'm thinking I should take Sipp first and then ISA?

Thanks for this, but its hardly set and forget is it? The allocations would constantly need to be reviewed. Any portfolio would need be very personal based on an individuals age, other sources of income and risk appetite to name but a few considerations. Plus you will likely have a considerable estate on death.

Great video, I’m 52 and will need advice at 55. I’m not a huge Smiths fan but I think the point of song is about jealousy, I’m not a huge Keir fan but I’m sure he’s not jealous of me, his pension must be bigger than mine, even if I have a million pound pension, no law was passed for me. I don’t resent him have special pension arrangements, he has done much more for society than me.

Great video Ian. What is recommended frequency for ufpls withdrawals? Could you take the full ~16k yearly say at start of each tax year and be done with it or more frequent withdrawals are better? Or does it make any difference. I guess you have to complete a p55 form in year one if you take one withdrawal for example. I like the idea of just taking the annual withdrawal rather than repeatedly filling in sipp forms.

Let's start with the Westminster set pensions

For the file featured in the video go to ianshadrack.com/pension-withdrawal-calculator/

Do you ever do lives Ian? 👍🏻

So pensioners misplaced 22 billion ? Pick up your tax free sum (from age 55) if you wish. Pick up state pension (roughly equivalent to the tax free allowance), next drawdown a bit from your pension pot as a top up.. pay 20% to inland revenue unless you go over basic rate threshold in which case 40% tax payable. Continue to pay your ever increasing utility costs and other taxes on just about everything else. 😮 government of the people, for the people (or someone)!

What is the average dividend growth of this fund? No one seem to consider this aspect of these fund but growing dividend s add up.

All politicians are a curse on all people the world over .

I have an old merchant navy pension which i cant transfer to a SSIP because it is over 30k to do so i will need to employ a financial advisor which will cost me ive read on line betwwen 1-2% of the value maybe even more. I cant even cash 25% tax free lump sum. Any suggestions?

The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future

Brilliantly done Ian.

I retired at 57 just about 2.5yrs ago and it was the best decision I ever made. Having a good level of Health and fitness is the primary item to keep when you retire after being financially secure. I cannot imagine having to work until 67! Good luck everyone and fingers crossed you all get there early!!😎

Thanks for sharing awesome tips! I'm 41 financially free and currently growing a solid retirement plan. It takes a positive attitude and consistency to learn new things and unlearn the old habits. It is important to get a mentor or coach to lead you all the way. It's great to start young too!

Just get a job in the public sector in the UK

I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.

Great ideas Ian as always. High quality.

Moving home at any age is hard enough , 80 isn’t realistic. Doing your own bond ladder / drawdown is better and cheaper than annuity.

Thanks Ian, very informative, as always. Where would you see an etf like TDGB fitting into this scheme? It pays 4+% dividend but also manages at least 5% growth each year - doesn’t that cover all bases?

Hi, I'm 40 working on my retirement fund too. What do you think is the best target for retirement?

If dividend paying companies generally under perform (total returns) compared to growth companies wouldn't it make more sense to simply purchase a global ETF? Here you'll still get some dividends however with the low cost and average returns your portfolio will generally be more profitable than inflation erosion will dividends. With 20 percent perhaps in bonds or MMA in case of market turbulence. A global ETF is also less volatile than say the S&P..

Terry smith is opinionated on income / dividend investing , says you just need to sell stocks focused on total return. Unless taxation is important, generally agree with him and don’t see why I need income. ( lean on bonds when markets are down)

Except for Stazi Jackboot Starmer with his special arrangements

To save money, stop paying for the gimigrants. Start deporting the ilegals that re here with no documentation.

Time to remove defined benefit scheme from all government employees

He steals your money and protects his own there is no black hole the banks have confirmed this he is a liar

Remember that local elections are coming soon. Please make sure that no Labour grannyfreezer candidate is elected You know. it makes sense to consign Labour to history 😅

Yeah, I'd say at 56 you'd want more than £500k (420+50+50-20) even if you are thrifty. But I'd also say it's a great chance to improve the work-life balance with a part time job that can cover the essential bills - which if he can get them under £20k a year, should be easily doable if they have skills that are transferrable into consultancy work (part of the year or two/three days a week). A 3 day week may be transformative enough on its own right now versus the current undesirable job.

Thanks for the vid. I am retiring on the 6 Nov 24 with a lump sum. Could it be a possibility that the lowering of the max free amount to 100k could take immediate effect but be deferred until April 25? Or do you think I may dodge the bullet? Thanks again.

LABOUR ARE NOTHING MORE THAN A BUNCH OF WANKERS

Great video - many thanks

They will bankrupt it paying for useless, non working immigrants who will no doubt expect a full pension for their channel crossing!!

Compare the Finance and Financial outgoings of two retired couples living next to each other, couple number one the Smiths have worked-hard saved-carefully, they have a small private Pension of around £70 per week then they both get the State pension each, they own their two bed Flat. Couple number two, next door is the Jones' they have no private Pension and they do not own their two bed Flat, but they both receive a State Pension each. Which couple is better off ? ?