How To Rationalise My Savings/Pension

bigfreddiel

Hi,

I retire in 2011 - 3 years away (and 'm in the 50% that's looking forward to it!) - when I get 23yrs worth of Civil Service pension.

My partner retires in July on an small NHS pensionplus state - about £7,000 per year
We have savings of £150,000+ in ISA's Cash and Equity, NS&I Indexed Linked Certs (Iss. 16 and 43) and in direct saver bank accounts. And we have no mortgage - totally debt free.

How do I organise this so by 2011 I have a nice set of investments I can draw a regular income plus a bit of growth? And as much tax free as possible? I don't really want to be faffing around with manual withdrawals every now and then if poss.

Any advice - ideas welcome and gratefully received.

cheers

fj

EdInvestor

You seem to have it organised already.

One way of avoiding the manual withdrawals (from different accounts) is to deposit a cash amount equivalent to the annual interest/divi income you expect to receive over the year from all the sources in a high interest account and just draw on that monthly, topping it up at the end of each year.

bigfreddiel

Cheers, that sounds simple enough - I was thinking of compilcated drawdown procedures yada yada yada etc that so called experts recommend.

Anyone has any better ideas please comment

fj

EdInvestor wrote: »

You seem to have it organised already.

One way of avoiding the manual withdrawals (from different accounts) is to deposit a cash amount equivalent to the annual interest/divi income you expect to receive over the year from all the sources in a high interest account and just draw on that monthly, topping it up at the end of each year.