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@FD_Tournament 4 ай бұрын

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@AnastasisTzanisYoga 7 ай бұрын

Great video. Might be worth doing another one on reviewing best pension options...

@scottgibson4735 7 ай бұрын

Great content, although did you forget to say that if you are a higher rate taxpayer, you can also claim the remaining tax allowance on the 20k through a self-assessment?

@samsungdisc52x 9 ай бұрын

1. Have opened one ISA account in HSBC ( LOY_ISA_Adv) ( In OCT 2023) and deposited 20000.00 GBP and withdraw 5000.00 GBP in March 2024 ? 2. I opened one more Cash ISA in NatWest in March 2023 and deposited 20000.00 GBP 3. Have opened one more ISA account and deposited 20000.00 GBP and withdraw all amount in one day in Halifax . Here my question is can i have any tax issues or penalties from HMRC as i have two ISA accounts with 20000.00 GBP amount in each account ?

@davidcollier6520 9 ай бұрын

Thanks for posting this, you explained the considerations very clearly and succinctly😊

@napoleonblown_appart1942 11 ай бұрын

very good you come accross professional, im thinking of consolidating mine, but as you saying goes dont put all your eggs in 1 basket comes to mind, seen pension bee do you recomend them or any others :) have a wpp at the moment and 4 other old ones

@hxjohn 11 ай бұрын

Wow deluded 80000 a year good luck with connecting with the average audience

@simonsaysrewind Жыл бұрын

Great advice... I want to do this Flexi drawdown release to one of the pension scheme I didn't even know I had and Aviva let me know about it 3 years ago (I forgot I signed up to one when I was 18) now I'm 54.. so next year I can get take out small lumps especially to pay off some low debts and buy a new spangled TV 😂 then the rest I can carry on leaving in . My work pension is healthy and I won't touch that until 65 and again not in lump sum unless major circumstances change.

@ibillliam Жыл бұрын

yeah...just save £1000 a month....riiiigghht..

@DhrTomasz Жыл бұрын

Great strategy but you won't see your bonus until 55 yo or later (soon 57, when I retire it will become 60 for sure)

@handlebarsride 3 ай бұрын

and i see no one adress this issue

@kezzu5849 Ай бұрын

That's what I find a bit confusing about this... Sure saving for your pension is great, but how do you weight that against more immediate saving goals where you need the money more readily?

@malvanlondon8683 Жыл бұрын

What if you're 60 and only earn £1,000 a month?

@polarbear2335 Жыл бұрын

That is classic James.

@smashed2352 Жыл бұрын

4% a quarter I think you mean, your maths is way out.

@robkewley Жыл бұрын

How do you mark the carry forward on your self assessment?

@lawrencer25 Жыл бұрын

Just subscribed 🤓🤓🤓👍🥳

@lawrencer25 Жыл бұрын

Fabulous video 👍👍👍👍

@stuartb3690 Жыл бұрын

Don't you need to be careful that you don't exceed the annual pension contribution limit of £40,000 ? That could be easy with a salary of around 125k. I'm currently looking into this and options of "carry forward" to allow extra pension contributions to a high salary. However, this will only work for 3 years before you have maxed this out.

@aceman0000099 Жыл бұрын

What are you on about? If you're already spending 40k on your pension, then you're already getting the benefits here and this video is of no relevance to you.

@stuartb3690 Жыл бұрын

@@aceman0000099 😂, wtf has it got to do with you ? . But for those interested in an education and a potential answer that might help someone out ,then it’s probably best left to being answered by someone actually knowledgeable to answer it. It was a simple question about how the dynamic might be effected if the person was paid for instance 150,000. Do you know?

@simonroyle2806 Жыл бұрын

From April 5, 2023 the allowance is £60k.

@aarw22 Жыл бұрын

ironically enough - i'm on 125k so this saved me 28k, thank you!

@florianbehrend3331 2 жыл бұрын

If i earn 119.472,66 and I am not paying pension with salary sacrifice - I will have to transfer a sum to my pension provider. This sum will be a net sum as i have already paid tax on it. I am struggling though how much that sum exactly should be to be a gross of 19.472,72 to take my income to 100k?

@mrscreamer379 2 жыл бұрын

??? I don't understand ... this is like saying "Are you being offered more than £50,270 for a job? Refuse it because you'll be taxed at 40%". This is so silly.

@K23386 2 жыл бұрын

A suggestion: this is more complex explanation of a rather simple concept. You won’t get audiences unless you simplify. Good luck.

@mikeroyce8926 2 жыл бұрын

A helpful video. Bengen's rule was based on a retiree withdrawing 4% of the pension pot in the first year of retirement and then adjusting the amount withdrawn in line with inflation in each subsequent year, without the pension pot's value falling below zero (i.e the retiree would not run out of money in a 30 year period). Also if the last year was 1976, then this would be for someone starting retirement in 1976 and so would have taking into account the market performance in the subsequent 30 years.

@IJ_uk 2 жыл бұрын

£33k comfortable lol. People to interested in keeping up with the neighbors with posh cars and new clothes.

@hamidohimo1 2 жыл бұрын

Great video !

@nicobass1966 3 жыл бұрын

Where did he get the 80k a year from - madman and get with the real world!, are you on drugs?

@summerrr1 Жыл бұрын

Maybe the video is targeted at people who can realistically retire early.

@Dazzy1107 3 жыл бұрын

Super informative video, thanks for producing. It also worth noting that you can usually take up to 25% of the amount built up in any pension as a tax-free lump sum. The tax-free lump sum doesn't affect your Personal Allowance.

@wazalapa82 3 жыл бұрын

Earning ‘80000’ a year , not a very relatable example.

@STUCASHX 2 жыл бұрын

True. £80k gross only applies to the top 5% earners in the county by 2020 figures. ( Probably top 6% now with out of control inflation.)

@tomthompson7400 3 жыл бұрын

33k comfortable ,,, Id be over the moon with that ,,, how about late 50s with 250k where do I go , and id be happy on 22k a year ?

@MrMrp69 3 жыл бұрын

This is very valid advice. I’ve a pot of £700k now with £1400 p/m additions. I’m 52 and plan to retire at 60. Do you think I might have an LTA problem?

@mrmiruk 3 жыл бұрын

If your bonus takes you over 100k, you may not know your going over until year end. With this strategy, you would need to commit to increased pension contributions for the 12months up until year end and risk *potentially* realising you didn't have to increase your pension contributions if your bonus ends up being smaller and not hitting 100k?

@aceman0000099 Жыл бұрын

So you potentially "risk" over-investing on your pension by maybe 2 grand in a year if you guessed your bonus would be 12k and it turns out to be 10k. Wow. Big deal. Hardly worth crying over

@juliaherman3351 3 жыл бұрын

Very interesting-thank you!

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@sylviaquick5182 4 жыл бұрын

Thank you for the video. I have been with Saltus for a number of years. I am not knowledgeable enough to look after my savings. I have always felt my few savings are safe in Saltus' hands. I actually managed to follow what was being talked about in the video. Very refreshing.

@saltus4577 4 жыл бұрын

sylvia quick Sylvia, we delighted to hear you enjoyed watching the video. Thank you so much for your feedback. If you need to discuss your investments at any time please do not hesitate to contact us. Have a lovely weekend.