To buy or not ?

jamesd

So far it looks like less than 5%. But why you wouldn't use income drawdown when you're an experienced investor is what would puzzle me if you bought an annuity instead.

Given the health aspects you might also look into a Scheme Pension. These are a bit like income drawdown but an actuary looks at your health to get a personal life expectancy that is then used to set the maximum allowed income level. The result is likely to be a higher income level than capped drawdown.

gadgetmind

Just_landed wrote: »

I have been playing with the stocks & share ISA's since I stopped working so have the time to study and understand how to win / lose buying and selling shares, none of this fund caper where everybody else makes the profit but yourself.

IKWYM, but you can do exactly this with a pension. If I log on to one of my online platforms, I can see my stock and shares ISA, my unwrapped shares, and my SIPP all there on one page and can buy/sell pretty much whatever I like in any of them.

Note that much of this SIPP used to be in stodgy old pensions (Hill Samuel, St James Place, and other rip-off merchants) but I moved it all across, though debatably not soon enough.

gadgetmind

This article might help.

http://www.candidmoney.com/articles/262/gender-neutral-insurance-update

Just_landed

gadgetmind wrote: »

This article might help.

http://www.candidmoney.com/articles/262/gender-neutral-insurance-update

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Thank you gadgetmind that is the kind of thing I am looking for. I chose well last night to transfer to a deposit fund A good price was secured just 1.84 pence of the top price ever, I am satisfied with that (been a big worry since 2009). If you find any other info pass it on please, post it on here thanks again.

:T :A :beer:

gadgetmind

BTW, one input into annuity rates is 15 year gilt yields.

Here is a long term chart -
http://www2.skandia.co.uk/Documents/Knowledge%20Direct/Gilt_Yields.pdf

and here more detail of recent trends.
http://www.bloomberg.com/quote/GUKG15:IND

As QE comes to an end, yields will rise, but no-one knows how much or how fast.

My personal view is that no way would I annuitise with rates at < 4%.

atush

As to doing (with an ISA) I have been playing with the stocks & share ISA's since I stopped working so have the time to study and understand how to win / lose buying and selling shares, none of this fund caper where everybody else makes the profit but yourself.

Not sure what funds you are talking about. My 'funds' have mainly made me money- most cases above and beyond their market indexes. but I invest in mainly investment trusts, and am split between income/growth funds/trusts here in the UK and emerging markets. I like special sit ones too.

So I am still thinking why you are not as aggressive in your pension picks. But if you wont be having a lot of further incoming funds I would suggest a sipp for you to manage what you have in the way you like.

but mostly unless your health is really poor i'd look at Drawdown over an annuity.

Just_landed

So I am still thinking why you are not as aggressive in your pension picks. But if you wont be having a lot of further incoming funds I would suggest a sipp for you to manage what you have in the way you like.
but mostly unless your health is really poor I'd look at Drawdown over an annuity.

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To me with drawdown you are gambling with your future income. The theory was have pension no worries. Reason :-
For many years I had five PEPs / S & S funds with Scottish Widows under the TSB flag. In those days time was at a premium so I trusted others. They were under water for getting just under ten years all suggested by the bank. Got out just over evens with no profit as such. one of them I was charged £240 set up fee, I made my mind up then never to invest like that again. Buying stocks under the S & S umbrella banks mainly since the crash (it's not easy) but money can be made.
The money in the pension was to me a straight forward to save for my retirement, thinking at least that's one thing less to worry about.
Anyway tonight I have posted the acceptance forms for an annuity from H L, might as well try and live to 100 to get most of my money back (more chance of plating fog) :rotfl: :rotfl:
I have about the same in cash ISA's and will get my money back by the time I am 86 at the same payout which sounds more feasible, if my bones will carry me that far. :xmastree:

Just_landed

gadgetmind wrote: »

BTW, one input into annuity rates is 15 year gilt yields.

Here is a long term chart -
http://www2.skandia.co.uk/Documents/Knowledge%20Direct/Gilt_Yields.pdf

and here more detail of recent trends.
http://www.bloomberg.com/quote/GUKG15:IND

As QE comes to an end, yields will rise, but no-one knows how much or how fast.

My personal view is that no way would I annuitise with rates at < 4%.

The problem with this is before interest rates rise much there is going to be another crash, people on here quote on average one every five years and I've seen a few. When we had the last crash my pension fund was worth less than than I had paid in but since has recovered to a, as I say = to my cash ISA's. So I have crystallized the monies today into an Annuity, guaranteed income for my misses and I. My cash ISA's are also guaranteed money, which leaves my monies in stocks for fun as such.

:T :santa2: