Pension pot movement

garyelder

My pension pot at June 21 went in at 518k went up at Christmas 2021 was 542k went down to 501k a few weeks ago now around 516k
is that what everyone’s pot is roughly doing
spoke to my financial adviser says it’s interesting times
im 61 got money from a flat sale and a rental property so I’m not relying on my pot at present 

JoeCrystal

Perfectly normal. Surely you should have known that your pension pot is invested in market therefore will change every day. Bigger amount you got, the bigger the value it will change in value term. 

Albermarle

s that what everyone’s pot is roughly doing

Not all pots are invested the same way, so there will be some significant variations . However there has been a slide in January and then again after the Ukraine war started and recently some recovery . On the other hand you should have see your pot grow significantly over the last few years .

spoke to my financial adviser says it’s interesting times

Hopefully you were impressed by their in depth analysis of the current situation 

MallyGirl

garyelder said:

My pension pot at June 21 went in at 518k went up at Christmas 2021 was 542k went down to 501k a few weeks ago now around 516k
is that what everyone’s pot is roughly doing
spoke to my financial adviser says it’s interesting times
im 61 got money from a flat sale and a rental property so I’m not relying on my pot at present 

are you not drawing down / receiving any pension income at the moment? If so then you are missing the opportunity to get £12k a year out at 0% tax (plus 25% tax free)

dunstonh

garyelder said:

My pension pot at June 21 went in at 518k went up at Christmas 2021 was 542k went down to 501k a few weeks ago now around 516k
is that what everyone’s pot is roughly doing
spoke to my financial adviser says it’s interesting times
im 61 got money from a flat sale and a rental property so I’m not relying on my pot at present 

Any reason your adviser didn't explain the various events that have caused the negative period?

Every time period is interesting as there is always something negative going on to counter the positives.   Each time they are different.    

A drop from £542k to £501k is very small and drops of that scale will happen quite often.  You need to be prepared for much larger to follow as this is small compared to what WILL happen.

Thrugelmir

garyelder said:

spoke to my financial adviser says it’s interesting times

Time to buckle up for the ride that lies ahead in my personal opinion. All those years of making easy money are drawing to a close.  

garyelder

Last year I used my tax free 12 k
this year with still getting rental and savings acc interest I may have have the opportunity to take 4 /5 k from pension pot
but I do have savings 280k
one guy on here said prepare for a large drop as it Will happen

if only we a a crystal ball 

I was lucky I locked in my energy tariff in sep 21 to sep 2023 paying £145 a month 4 bed home so I’m not that bad 

Dazed_and_C0nfused

garyelder said:

Last year I used my tax free 12 k
this year with still getting rental and savings acc interest I may have have the opportunity to take 4 /5 k from pension pot
but I do have savings 280k
one guy on here said prepare for a large drop as it Will happen

if only we a a crystal ball 

I was lucky I locked in my energy tariff in sep 21 to sep 2023 paying £145 a month 4 bed home so I’m not that bad 

Don't forget you can have upto £6,000 in interest taxed at 0% so that may not be a factor in utilising your Personal Allowance.

Interest is taxed after earnings, pension income and rental income so you could have say £15k in pension and rental profit and the first £3,570 of your interest would get "taxed" but at 0%.

Grumpy_chap

"lifestyle" strategies are often structured to move towards less volatility as pension age approaches.  Maybe the OP needs to consider risk appetite if the recent fluctuations cause concern

Pablootes

My pension was £330k at the end of December. 
It fell to £290k at the end of Feb and is now back up to £310k

matth1j

I transferred my 3 workplace pots from previous employers to a 'wealth management' company last November, choosing a 'medium risk' plan. What was approx £460k is now hovering around £400k. Correction - just checked, today it's down to £395k (it has been lower). Lol.

Yes, I know I'm lucky to have that amount of money sitting somewhere, and I do have 10 years until my official retirement date. Still a bit worrying though.