We look at how much income a £500k pension may provide from both flexi access drawdown and also an annuity. We cover several retirement ages to highlight the impact early retirement can have. We also explore how drawdown can go wrong and the impact retiring before a stock market crash can have.
Timestamps:
00:00 Introduction
02:54 Income from a £500k pension with drawdown at age 66
03:43 Drawdown income from a £500k pension at 60
07:23 Drawdown Income from a £500k pension at 55
08:52 A simple alternative - safe withdrawal rates
09:48 Annuity income from £500k pension at 66, 60 & 55
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DISCLAIMER:
The content in this video is provided for information and entertainment purposes. It should not be construed as direct or indirect financial advice. You must thoroughly research any potential financial or investment decision and fully understand the risks before taking it. If in doubt, you should seek Independent advice from a professional adviser. Tax rules and legislation is subejct to change. HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen. The Financial Conduct Authority does not regulate tax planning. The value of investments and any income from them can fall as well as rise, and you may not get back the original amount invested. Past performance is not a reliable indicator of future performance and should not be relied upon.
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