GUARANTEED MONEY BACK ANNUITY! Don't lose all your money on DEATH... // Financial planning UK

[@EdmundBaileyUK]

Thanks so much for watching! 👍 ⭐ If you found this useful or if it helped you in anyway and you want to support the channel you can do so using the 'SUPER THANKS' button above! See you next time! 😊

[@bertpole6992]

Very useful video, I never thought of a 30 year guarantee. This would be really helpful for someone who uses part of their fund to purchase an annuity to cover the basics and leave the remaining fund in drawdown. A good strategy to mitigate sequencing risk. Thank you 😊

[@jeremywilkinson7603]

Thanks, very interesting and useful. And, as you were asking, I watched to the end.

[@EdmundBaileyUK]

Thanks Jeremy!!

[@daveisbrill]

Watched to the end, and it was valuable new information. Thank you

[@EdmundBaileyUK]

Thanks David!! 👍👍

[@MaddogMK4]

I was there 👍👍 Just found your channel, great content thank you.

[@EdmundBaileyUK]

😂 thanks so much!! Comment very much appreciated.

[@adamfoster2483]

43 next month but for the last 2 months I've found all my pensions and watched loads of your videos to see what's best for me and how to make them grow for my target age of 60.. I feel like an expert learning from you, even helping my mates out telling them to sort pensions out now rather than last minute... thanks for your help, and if you still about in 17yrs I'll give you a shout 😉

[@rodlewis3544]

Hi Ed, i found your channel searching for Bailey Caravans. I watched to the end but am still non the wiser as to buying a single or double axel caravan. I am however now subscribed. Seriously some great content on this channel. Pickles projections in various scenarios are very helpful. lots of decisions coming up for me and my family as my wife and I approach 55, so will be keeping up to speed with your channel

[@EdmundBaileyUK]

🤣 glad you found me and hope you find your answer as to whether to go for the double or single!!

[@simonportlock2235]

My thoughts on your caravan issue is, buy a single axle caravan. It's easier to manoeuvre around, less on tyre wear, and you will save money on tyre wear as well. Any other sensible questions, ask Ed, I haven't got a clue. Stay safe and enjoy your caravan.

[@EdmundBaileyUK]

I have definitely learnt something new here today that I never even knew was an issue… I don’t know if I’ll ever buy a caravan but if I do, I know a little bit more than I did yesterday! 🤣 Thanks Simon

[@rodlewis3544]

@@simonportlock2235 Good advice Simon, thank you. funny how these things go, a replacement caravan is now on the back burner whilst i develop my investment and financial planning :-)

[@ThornySubject]

Thank you Edmund, very useful info! Annuity rates look even better in 2023, so I'm tempted now to take one out to combine with the State Pension I can get next year. I'm thinking of using half my pot for this and transfer the other half to use for Drawdown. The only doubt I have is whether to take a lifetime one now while the rates are high, or a fixed-term one for say 6 years, in case I have a medical condition in the future which could boost the income if taking out another annuity! Decisions, decisions! 😅(watched to the end, btw!)

[@mdbvs1]

Always watching till the end!

[@EdmundBaileyUK]

👍👍🍾

[@presterjohn71]

I must have missed this one when it came out. Watched to the end of course.

[@EdmundBaileyUK]

Thanks!! 👍

[@andrewsmith5457]

Watched to the end, thank you.

[@EdmundBaileyUK]

Thanks 🙏

[@philsmith7398]

Made it to the end! Very interesting option I didn't know about. Thank you

[@EdmundBaileyUK]

Thanks for sticking with it Phil!! 👍👍The demand for them has been steadily increasing, it’s an interesting one to know about as for some it will be far more appropriate than drawdown, and being exposed to equities and bonds.

[@markeh1971]

😮 watched to the end, thank you.

[@saleemahmed589]

Very informative like always.nice to see your channel growing. 😎

[@EdmundBaileyUK]

Thanks Salem!! That’s very much appreciated. 👍😎

[@tonybristol6561]

Good video very clear and informative thanks.

[@EdmundBaileyUK]

Thanks so much Tony!! Very much appreciated! 🙏

[@markderry9914]

Excellent advice your video's have been very helpful .

[@chelvinava245]

Watched to the end 👍🏼

[@EdmundBaileyUK]

Thanks Chelvi!! 🙏🙏

[@BouncingBack]

Really interesting Ed and covers very important points

[@EdmundBaileyUK]

Thanks Helena!! Very much appreciated!

[@janpeterbennett9122]

I watched to the end. I think you are doing the right thing to explain the annuity ideas to beginners. I know there is a lot of maths and probability in every corner AND that most people don't have time for it... Oh well. Thanks for the video. Have you tried Patreon - or any other places let us know when you do in the "more" section. SuperThanks wants me to give my details to GPay... not doing that. ALSO - if you have knowledge that would help "overseas" issues - that would be worth putting out feelers for. There are more people in England looking to put their money abroad than ever... and some looking to to bring it back.... and then there are new arrivals to the UK... anyway thanks for sharing what you know.

[@EdmundBaileyUK]

Thanks so much for the incredibly kind words and suggestions Jan!!! The comments and words are very much appreciated and make making the videos feel very much worthwhile!! 🙏🙏

[@philmaltas3267]

Interesting and easy to follow information

[@BeautifulNaturalDramatic]

Very clear and helpful information about Annuities 👍

[@EdmundBaileyUK]

Thanks for the comment and kind words!! 😊

[@TVRCreators]

Interesting video and great content. Love your work, keep going :)

[@EdmundBaileyUK]

Thanks TVR Creators!!

[@OO-ex5iq]

I watch all your videos to the end

[@EdmundBaileyUK]

Thanks so much!! I appreciate that! 🙏

[@OO-ex5iq]

@@EdmundBaileyUK I appreciate you doing the videos.

[@crispyduck1706]

watched it all thanks

[@EdmundBaileyUK]

Thanks!!! 🙏🙏

[@nortonr]

I'm an ender 🎉 Informative as ever 👍

[@EdmundBaileyUK]

Yes!!! Awesome thanks!! 🙏🙏

[@dineshgordhan4783]

thanks for the information.

[@simonportlock2235]

Edmund, I've watched to the end. I've only recently started to follow you. I am going through a divorce and my ex-wife earns a lot more than me, and always has; however my assets are greater, so I now lose more. So once the divorce is done, I'm looking to rebuild. Unfortunately, I'm not working at the moment and I am unable to get a job. As I have assets, the DWP won't help either, along with the CAB. In spite the plethora of personal issues which seems to plague me. I do enjoy your channel, and it has given me plenty of food for thought.

[@EdmundBaileyUK]

Thanks Simon, and thanks for the kind words. Sorry to read of your divorce as these situations are never easy or simple as no one has a position where everything was split neatly down the middle in terms of income and assets etc. It unfortunately comes down to negotiation and what the two parties agree/their legal teams get. I hope you get to a good position post the divorce.

[@simonportlock2235]

@@EdmundBaileyUK Thank you, but at the moment, I just need to get better after being unwell and then I can look at getting a job. This might be another 6 weeks.

[@lyndabarrow79]

Great video

[@EdmundBaileyUK]

Thanks Lynda! 🙏

[@MrGrtx]

New subscriber 😁👍

[@EdmundBaileyUK]

Thanks Gary t!! 👍👍

[@67eamonn]

Watched to the end. I'd be interested in hearing of any advantages to annuities as they seem to be out of favour with most financial planners. Are they useful? I suppose the answer will be "It depends..."

[@EdmundBaileyUK]

Thanks Eamonn!! Massively appreciate that! And spot on… it really does come down to personal preference, funds age, capacity for loss, attitude to risk etc. But I do like mixing the certainty of income combined with drawdown especially with the income available on cash and fixed interest being so poor! Thanks again for the comment! 👍

[@Domtinu]

Edd can you do a video on what happens if you don't use a pension (at All) how it is rolled over to children ......

[@EdmundBaileyUK]

Thanks Dharmesh!! Great idea for a video!! I’ll add it to the list! 👍👍

[@Project-Masculinity]

Made it to the End, I do have a question for you related to my Military Pension, I’d be happy for you to use it for a future Video

[@EdmundBaileyUK]

Well done on making it to the end!! 😊 Ask away and sounds interesting, I have some experience with the military pension having helped out my brother in law.

[@Project-Masculinity]

My Military pension pays up @ 60, there's a tax-free lump sum (hello new car) and £3k p.a As I will not be retiring in all likelihood until 67, am I able to inject that £3k p.a directly into my SIPP ? Thanks for the great vids, I'm recommending you to my friends

[@EdmundBaileyUK]

Thanks for the kind comments and for recommending them, that's really appreciated, thanks!! 👍 Yes you can pay the £3k over into your SIPP. You would get tax relief on that contribution of 20%, so an extra £750 would be added to your SIPP for you and you would also be able to claim an extra 20% via self assessment if you are a higher rate taxpayer. The possible area to watch for is that you have sufficient employed earnings to make those contributions, for example the annual allowance is the lower of your relevant earnings (basically your salary) or £40,000 per year. Having said that even as a non earner someone can contribute up to £3,600 gross per year. Hope that helps.

[@thewinkler6647]

Very helpful Edmund, thank you. I am looking to buy into an annuity as a separate egg in my basket along side a SIPP I am paying into to at present. A question to you. I am planning to retire at age 60 in 2 years or so, can I buy a guaranteed fixed rate annuity now so as to grow my investment prior to my retirement age?

[@gogodludlu3960]

Thanks

[@EdmundBaileyUK]

Thanks Gogo!

[@dongolfnut5558]

As I approach retirement your videos are helping me be aware of the choices I have thanks a lot 🤓. Do you offer personal advice?

[@EdmundBaileyUK]

Thanks so much! Yes I do but not presently as I’m in my notice period but will be advising again in approx 3 months. 👍

[@dongolfnut5558]

Brilliant I don't retire until 2024-5 but will be in touch towards September time

[@lyndasellors829]

I watched until the end as we have one of these plans.what happens after the 10 years are up. What are the options?

[@gonzaloleviatanh]

I did watch to the end

[@EdmundBaileyUK]

Thanks so much!! 🙏🙏

[@Tensquaremetreworkshop]

Why worry about losing some of your money on death- you actually lose everything on death. What you really get from an annuity is security- often called peace of mind. Some find that of more value than concerns about 'lost' money (which actually funds those that live long. This is how insurance works. It protects you from the 'risk' of living long...) Yep, watched until the end.

[@EdmundBaileyUK]

Thanks so much Mike!!! 👍👍

[@nicobass1966]

Watched to the end of this and many more of yours. Age 55 and need some help !

[@EdmundBaileyUK]

Thanks so much Nick, really appreciate the kind words! What area is it specifically that you feel you need help with... is it deciding on how best to take your pensions, whether they are suitable or not knowing whether you have a sufficient amount saved/accumulated?

[@aficio698]

😎😎👍 thank you.

[@EdmundBaileyUK]

Yes!! Thank you!! 👍👍

[@mariamanuel3399]

I enjoy it 😉

[@EdmundBaileyUK]

Really Maria? 😂

[@tomthompson7400]

Ive a chat with my gar provider next week , if I win on this , I shall certainly buy you coffee. right to the end.

[@EdmundBaileyUK]

Good luck Tom! Let me know how you get on, some of those GARs are incredibly valuable!! 👍👍

[@roberthuntley1090]

I was surprised by the small difference in monthly payment that these guarantees make. Presume it because you chose a 65 year old who is likely to live another 20 years or so; does the delta increase as you age.

[@Tobyuk123]

Yes I’m at the end 🎉

[@Domtinu]

👋 Like your channel 1

[@EdmundBaileyUK]

Thanks so much Dharmesh!! Really appreciate that! 🙏🙏

[@Hiram8866]

😮

[@zaz4130]

👍🏻

[@EdmundBaileyUK]

Thanks Richard!!

[@edinthephilippines]

☺☺👏👏

[@EdmundBaileyUK]

Thanks 🙏 and great name by the way! 😊

[@peterrecton1723]

🙂

[@EdmundBaileyUK]

Thanks 🙏

[@michaelgeorge9147]

🤑

[@EdmundBaileyUK]

Thanks 🙏 I wasn’t sure anyone really watched them all!! 🤣

[@marita8485]

🤔🧐🤯👌👏👏☕🏝

[@EdmundBaileyUK]

Love it Maxine!! Thanks 🙏 😊

[@sharonparsons5375]

end

[@EdmundBaileyUK]

👍👍😊

[@bollybarb1]

😉

[@EdmundBaileyUK]

Thanks Barbara! 🙏 I wasn’t sure anyone really watched them to the end… 😊

[@terrymurphy8921]

😁

[@EdmundBaileyUK]

👍👍👍

[@markleslie9505]

😅

[@dderby2]

[@Ellaweegee]

👍

[@EdmundBaileyUK]

Thanks! 🙏

[@martinpalmer1244]

😉

[@EdmundBaileyUK]

Thanks Martin! 🙏

[@lesleycockcroft7056]

😁

[@EdmundBaileyUK]

Thanks!! 🙏🙏

[@dabe1971]

👍🏻

[@EddieGittins]

👍

[@mickeychilds9946]

👍

[@EdmundBaileyUK]

Thanks Mickey!! 👍