How can I take my Personal Pension/SIPP? Your Retirement Income Options and Planning for your Retirement! In this video I give an overview of some of the key ways you can take your Personal Pension or SIPP. I highlight three of the main ways that you can take an income from your Pension and give real quoted examples that have been sourced from the open market. I give an idea of the income that can be obtained using either Flexi-Access Drawdown, purchasing an Annuity or a Fixed Term Annuity. The basis of the Annuity is assumed as follows: - *Standard rate (not enhanced, the client has no medical/lifestyle factors that increase the starting rate of the annuity) *Level *Payable monthly in arrears *Single life basis (no spouses/dependents benefit has been built in) ⏰ 0:00 - Introduction 1:22 - What to watch out for? 2:11 - Tax? 2:38 - Annuity 5:47 - Annuity or Drawdown? 7:09 - Increasing Annuity 8:42 - Fixed Term Annuity 10:10 - Flexi Access Drawdown 12:15 - B
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)