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What income will I get from a £100K PENSION POT? - Retirement income explained (is £100,000 enough?)

Frames What income will I get from a £100K PENSION POT? - Retirement income explained (is £100,000 enough?)

Description What income will I get from a £100K PENSION POT? - Retirement income explained (is £100,000 enough?)

Comments What income will I get from a £100K PENSION POT? - Retirement income explained (is £100,000 enough?)

Nonsense! So long as use guard rails can take over 5 per annum Comment from : @JohnDoe-wu4tt

£10,000 for low risk and £20,000 for medium risk and £40,000 for high risk at the moment 21/2/25 Or £20,000, £30,000 and £50,000 for drawdown Comment from : @shaungregory1789

I suffer from Crohns disease as well, am 63 retired from working and live off savings Curious about starting drawdown or an annuity, I completed the moneyhelper enhanced annuity checker based on LIFETIME gauranteed income (no set period) All quotes came back marked as 10 yearly Does that mean only gauranteed for 10 years as they only expect me to live that long? Confused, as the amount after 10 years is significantly less than pension pot used to buy the annuity Comment from : @DavidWilliams-y2i

In August 2008 I had a pension pot of £248k In October 2008 I had a pot of £172k The September crash taught me about life! Comment from : @michaelbelcher3936

Well all being well I shall be getting two state pensions when I retire uk and usa Comment from : @markhosbrough9180

The idea that I would want the same income at 67 as I would at 87 is rubbish Comment from : @peterloftus6259

In an isa 5 £5,000 a year plus still have 100,000 left and no tax to pay Comment from : @johnfitton3716

Worth pointing out that 25 of pensioners rent their homes Comment from : @ukulelalienation

Hang on so if you have high blood pressure or cholesterol you get less annuity than someone with no health issues ?? 😂 wtf bullshit is that Comment from : @SteveTurnbull666

Pay nothing and you will get everything Same care home same doctors same if not more extras from the state Comment from : @horkstowarms

Great video, but disappointed to see that you don’t give the equivalent figures for annuities for women Comment from : @jencarter6785

it doesnt make sense to me to take a level annuity so even the lowest joint rising at 3 (489) is higher than the 4 rule for drawdown and if the market crashes you shouldnt even take that So your saying its a no brainer, unless you want to leave an inheritance Comment from : @evokestudiosbrighton

Is this video about starmer asking me how much he will get from my 100k pension?brMy answer :brAll of it starmer, you'll take it anyway, or at least, Rachel from accounts will Comment from : @leehowson440

Less tax Comment from : @christopher554

8:35 DON'T DEFER YOUR STATE PENSION!! It takes 17 years for you to breakeven from deferring and that's including the extra tax you'd need to pay because you are still working Not saying you shouldn't consider it but can you be sure you'll make it to 80? Comment from : @Pegaroo_

Agree Bitcoin for the win Comment from : @mikesweeney651

I have a full state pension, 2 private pensions 1 of which I’ve not drawn on yet and I’m still contributing to I’m also still in full time employment I am, as you can imagine, being crucified by the taxman brbrIve been actively seeking appropriate financial advice It appears to me, that independent advisors either want to sell my entire pot and take 10-20 commissions, or, enter me into some type of investment plan for the privilege of so doing, they’d charge me a rate not dissimilar to what the taxman is currently getting It’s a ‘win win’ scenario, for the taxman or financial advisor, but not for me Comment from : @howardskeivys4184

Something to keep in mind, the average healthy life expectancy in the UK is age 63 Do you want to retire after your health is starting to deteriorate? Comment from : @OneAndOnlyMe

Why doesn't everyone just say that they're a smoker, and get more money for life? Comment from : @andrewball2662

If you reach state pension age, take it you don't know how long you have got Comment from : @kinggeoffrey3801

Surely it depends on your retirement age !! If you are 62 a 6 drawdown might workbrbrIf you are just 58 I think a 4 drawdown rate is the maximum you could plan on Comment from : @maxflight777

£100k per year, for one year Comment from : @t28mcd

Why piss around like this, get into xrp Comment from : @timsmith1292

I think in these times 1 Bitcoin will pay off better Comment from : @trevormillington813

IIRC the age at which youj can start withdrawing from a DC pension or SIPP is now 56, and will rise to 57 when the SSP qualifying age increases Comment from : @stephen2203

This is great advice Thanks for sharing it Comment from : @leewellstead2305

So does that 43k include tax, state pension and assume you pay no mortgage? What is it really for a single person? Comment from : @onekindthing1327

Are you still entitled to whatever amount of state pension you have built up if you move abroad when you retire/stop working (for example to another European country) and become tax resident there? Comment from : @jayplays568

Given the current situation, probably best not to expect a state pension if you have a reasonable private pension or own your home Comment from : @voodoomotion5855

The pot averages mean very little, many people will have pots scattered across different providers from a range of jobs across their career Most people don't take any interest in their pension nor know what its invested in nor its value so realistically they are highly unlikely to have combined all their pots into a single pot Comment from : @BaileyMxX

Those living standard figures are a joke I've always lived a comfortable type lifestyle on a lot less than £43k That's equivalent to needing a £1m pension pot using the 4 rule Comment from : @johnristheanswer

Those retirement living "standards" are not relevant for most retirees Their methodology is somwhat questionable and the values shot up way over 10-11 in the ladt updatebrThey were useful in the past Now, at best, a pessimistic upper bound Comment from : @BeeblebroxTheThird

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