Видео

I would suggest it's all possible but perhaps spend the first 10 years in a low cost country, explore the world a bit. You'd be able to live on £1500 a month easy and leave the rest in your portfolio to grow.

Can I continue to contribute to my state pension by paying national insurance if I move abroad? and how much would that be?

What planet are you on ...UK mentions a pittance..iff your a pollatition sure ordinary folks noooo

The retirement and living standards figures are after tax is deducted.

Fucking councils Screwing the rest of us.. So Unfair...This country is SCREWED unless Public Sector worker.. WHY????

Such a helpful video, thank you! Do you know whether it's possible to move vested RSU shares into a stocks and shares ISA and if so, is there anything I need to bear in mind?

This is exactly what I was looking for as a self employed! Hit the high rate tax bracket and trying to avoid it as much as possible. I will contribute to my pension the same amount that I am over the high tax rate threshold

loads of scaremongering has been done over the years by IFAs exaggerating how much money you need in retirement. If you own your own home and there are 2 of you, then the state pension will easily cover all essentials such as food and heating etc. And so you only then need a level of private income to cover holidays, eating out etc which can be scaled according to your own requirements.

This explanation is absolutely great. Well done, and thank you.

These figures are shockingly low….how can you live comfortably with so little in the kitty? £250,000 doesn’t go far nowadays, a pension pot needs to be more like £1,000,000 to feel safe and comfortable….one of my biggest fears all my working life was an impoverished old age…that’s why I worked like a Trojan and spend a lot of time analysing investments!

RSUs also known as Golden Handcuffs.

Sounds great until the liebor government takes most of it away from you.

If one's net annual pension is equivalent to 65% of one's body weight in silver, is that sufficient for a comfortable retirement?

A key issue to note is that folk already retired (or near retirement) are more likely to have been members of Final Salary Schemes/DBS - the vast majority of these offer indexed linked pensions. And, these schemes had vastly more invested in them by the organisations the folk worked for than the replacement Defined Contribution Schemes - an example: Back in 2008 I inherited a team of 8, 1 was on the DBS and the rest were on the DCA. My (internal) budget was charged 8% for the DCA colleagues and 37% for the DBS colleague...

No its not its a pittance

Age 75 personal expenses may fall but overall spend may rise significantly - old age care / care home etc

This was one of the clearest presentations on this subject that I've watched. Thanks. One question, on your Sustainable Income slide at the end, were thise figures after tax deductions, or was tax still to be paid from there.

Great Video Matt - Thanks

You need a minimum of £1 million

£23,000 income in retirement for a "moderate" lifestyle .. ? yeah, about half the people I know working full-time don't even make that in a year.

Key is limiting your fixed costs. I retired at 55 to SE Asia, and live very comfortably on 2.5-3k a month. Geo Arbitrage is the way - Smarter not Harder

I think the comments have made my mind up to retire early on less. 🙂

Hi, What happens if company with hold the tax via sell to cover and sell the shares over period of 5 days? Assume that shares vested at £11 and sold at £10 over period of 4 days by company to cover the tax. I don't see any example online for this situation. Thanks for your video!

1163 Nick Route

Why would you wish to have money at 97. Youll have enough. Think spend on life 60-80. Job done.

693 Swift Unions

This is about to change in the budget when labour are going to flat rate pension contributions 😡

Or you can evade taxes

Great video, just found your channel and subscribed as there are many other great videos also.😊

Thanks for the forecast! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Could you explain how to move them to Binance?

Great video Matt!

3298 Desiree Rapid

That’s terrible!

They keep upping the age you can claim and may means test it later so boomers top up at your peril. You might just be giving your money away.

There are 2 sides to living comfortably in retirement. Of course building the best pension you can is certainly one half, but the other side is equally important- learning how to maximise the income you have by controlling your spending. Planning for retirement by reducing / getting rid of debt prior to retirement age is very important. Learning how to place less value on things and more on relationships and experiences is even more so. The latter makes you a better person, reduces your impact on the environment and a better citizen. It's not a sacrifice to consume less, it's a joy.

How come everyone assumes your mortgage is paid or you do not pay rent.

My partner and I retired at the age of 58, and we are now 60. We were both fortunate to have Defined Benefit (DB) schemes, which provide annual payouts of £37k and £29k, indexed to the CPI. In addition to this, we have around £700k in SIPPs, ISAs, GIAs, and savings, with no debts. The DB scheme we were part of has recently closed, which seems to reflect a broader trend. We recognize how fortunate we have been. These videos are very informative-thank you for sharing

RUclips comments hey 😂 Quality video my friend, loving the editing, keep at it 💪

So does it reduce taxable income say u make £72,500 you deposit £60k into pension is ur new taxable income £12,570 But technically tax free as it’s personal allowance

Most people money needs decrease after , say 80, as ill health reduces holidays, golf club membership etc. Sad but true.😢😢😢

Makes me glad i stayed I my dead end council job, my current projections are 26k a year plus state pension.. but they I lucky to have 20 years of final sal membership...

For most of us ordinarily workers it's never actually enough. However it's important not to leave retirement too late for you. For majority that's well before state pension age So try to save to bridge that gap whilst you are more active to enjoy it That's my view. Can't imagine myself working at 67, volunteering yes. Presently I work 8 months a year & we live within our mean s.

Hi Matt My question is can I top up my NI Contributions for years 1995-2004??

Good video but I must point out that average and median are not the same thing. Maybe get more specific in future?...

You need far more money from 60 to 70 than you do need from 70 to 80 My parents retired at 60 So had 6 years to live off savings and private pension before state pension kicked in My fathers pension was 1300 a month And mothers 700 a month Their house was paid for and no car finance or debt They lived very very well on 2000 a month Having 5 holidays abraod each year , now they are 70 They only have maybes 3 holidays abroad a year And they tell me ,rhey can easily comfortably live on their state pensions and are not touching rheir private pensions , They just bought a brand new car ,just to spend some money as they have to much

631 Haskell Rue

Something I see that is never touched on is if said person owns their own home. How would this factor in? I’ve got lots of investments, but I rent (don’t want to buy). For this example, does this person have 300K and they own their home? Or they have just 300k net worth? And does that net worth include if most of their wealth is tied up in their home?

So No, you can’t retire at 55 with 300k. You need about 400k at 60 to be in ball park and retirement and have a 60/40 min to be confident .

great video, keep up the great work

good video bud, nice to see that you are using realistic pot values. My plan is to have a 1 year buffer in cash, with a further 2 years in money market funds and the remainder invested in the stock market