![Chris Bourne](/img/default-banner.jpg)
- 50
- 1 650 491
Chris Bourne
United Kingdom
Приєднався 17 кві 2020
Hi! I'm Chris, I'm a financial planner in the UK and I help people build tax free income through investing.
I started at age 20 and now advise on over £100m of private client wealth. This channel is simply a place for me to share my knowledge with you.
In my videos I aim to:
- Help you get started with financial planning and investing
- Provide financial education to help you make smart choices, gain wealth more quickly, and preserve it for longer
- Tell you how to do all of this in the most tax efficient way possible!
My content aims to entertain and inform, so please Subscribe if it’s for you!
Please send all enquiries to:
enquiries@virtualfinancialclinic.co.uk
For Voyant Cashflow Modelling Masterclasses and to subscribe for email updates visit:
voyant-masterclass.mykajabi.com/
Linkedin.com/in/chris-bourne-vfc
I started at age 20 and now advise on over £100m of private client wealth. This channel is simply a place for me to share my knowledge with you.
In my videos I aim to:
- Help you get started with financial planning and investing
- Provide financial education to help you make smart choices, gain wealth more quickly, and preserve it for longer
- Tell you how to do all of this in the most tax efficient way possible!
My content aims to entertain and inform, so please Subscribe if it’s for you!
Please send all enquiries to:
enquiries@virtualfinancialclinic.co.uk
For Voyant Cashflow Modelling Masterclasses and to subscribe for email updates visit:
voyant-masterclass.mykajabi.com/
Linkedin.com/in/chris-bourne-vfc
Final Salary Pensions - How to Choose the Right Income Option
Final Salary and other Defined Benefit pension schemes often have lots of confusing options, and chosing your benefits can be a minefield. In this video I explain all the jargon and how you can compare the options available to you to make the best choices.
📈📊✅ ACCESS CASH FLOW MODELLING SOFTWARE 📈📊✅
Compare your final salary options with Voyant Cash Flow Modelling! (One on One Sessions Available)
voyant-masterclass.mykajabi.com/
🎬 RELATED VIDEOS 🎬
Forget The 4% Rule (How to Make Pensions Last Longer) - ua-cam.com/video/emkh78krQbM/v-deo.html
Annuities Explained Simply - ua-cam.com/video/GpWaCeelwSU/v-deo.html
Pension Withdrawal Explained - ua-cam.com/video/AMJ8Ya3CPj4/v-deo.html
RESOURCES
State Pension - Impact of Contracting Out
www.gov.uk/government/publications/new-state-pension-if-youve-been-contracted-out-of-additional-state-pension/the-new-state-pension-transition-and-contracting-out-fact-sheet
⏰ TIMESTAMPS ⏰
0:00 Start
0:48 What is Defined Benefit?
1:39 Guaranteed Minimum Pension Explained
4:10 Section 9(2B), Reference Scheme Test, Post 97 COSR Explained
5:17 Excess Benefits and Other Income Figures Explained
7:00 Lump Sum Options Explained
8:22 How to Choose Between Your Final Salary Pension Options
**** DISCLAIMER ****
The content in this video is provided for information and entertainment purposes. It should not be construed as direct or indirect financial advice. You must thoroughly research any potential financial or investment decision and fully understand the risks before taking it. If in doubt, you should seek individual advice from a professional adviser.
🌎 CONTACT ME AT 🌎
www.virtualfinancialclinic.co.uk
📈📊✅ ACCESS CASH FLOW MODELLING SOFTWARE 📈📊✅
Compare your final salary options with Voyant Cash Flow Modelling! (One on One Sessions Available)
voyant-masterclass.mykajabi.com/
🎬 RELATED VIDEOS 🎬
Forget The 4% Rule (How to Make Pensions Last Longer) - ua-cam.com/video/emkh78krQbM/v-deo.html
Annuities Explained Simply - ua-cam.com/video/GpWaCeelwSU/v-deo.html
Pension Withdrawal Explained - ua-cam.com/video/AMJ8Ya3CPj4/v-deo.html
RESOURCES
State Pension - Impact of Contracting Out
www.gov.uk/government/publications/new-state-pension-if-youve-been-contracted-out-of-additional-state-pension/the-new-state-pension-transition-and-contracting-out-fact-sheet
⏰ TIMESTAMPS ⏰
0:00 Start
0:48 What is Defined Benefit?
1:39 Guaranteed Minimum Pension Explained
4:10 Section 9(2B), Reference Scheme Test, Post 97 COSR Explained
5:17 Excess Benefits and Other Income Figures Explained
7:00 Lump Sum Options Explained
8:22 How to Choose Between Your Final Salary Pension Options
**** DISCLAIMER ****
The content in this video is provided for information and entertainment purposes. It should not be construed as direct or indirect financial advice. You must thoroughly research any potential financial or investment decision and fully understand the risks before taking it. If in doubt, you should seek individual advice from a professional adviser.
🌎 CONTACT ME AT 🌎
www.virtualfinancialclinic.co.uk
Переглядів: 23 288
Відео
Understand Annuities and How to Choose the Right One For You
Переглядів 6 тис.4 місяці тому
Annuities are guaranteed income plans that pay an income to you for life, and are not affected by investment markets. There can be lots of confusing options when choosing an annuity though, and this video aims to explain them clearly, so you can decide which annuity options are right for you. 📈📊✅ ACCESS CASH FLOW MODELLING SOFTWARE 📈📊✅ Create Your Own Financial Plan with Voyant Cash Flow Modell...
How Vanguard's LifeStrategy Decisions Have Affected Your Returns
Переглядів 16 тис.6 місяців тому
Vanguard's LifeStrategy range remains a popular investment choice, but part of their approach does attract criticism. Is the criticism valid? And how do Vanguard see LifeStrategy performing in 2024 and beyond with the current investment and economic climate? I explain all in this video! 📈📊✅ VOYANT MASTERCLASSES 📈📊✅ Create Your Own Financial Plan! (One on One Sessions Available) voyant-mastercla...
The Only Index Fund I Use
Переглядів 25 тис.6 місяців тому
There is more to picking an index fund than its headline price. In fact, some factors can have a HUGE impact on the return you receive and lead to big differences between funds supposedly tracking the same thing. I break all of this down in this video, and explain which global index fund I personally use and why. 📈📊✅ VOYANT MASTERCLASSES 📈📊✅ Create Your Own Financial Plan! (One on One Sessions ...
Pass on Wealth TAX FREE Without Cost - Here's How
Переглядів 22 тис.7 місяців тому
You can pass on unlimited wealth tax free using this little known exemption. It's possible to reduce your Inheritance Tax (IHT) bill by thousands of pounds without any complicated trusts, insurance policies or advice fees. In this video I explain the exemption and break down the simple steps you need to follow to take advantage. 📈📊✅ VOYANT MASTERCLASSES 📈📊✅ Create Your Own Financial Plan! (One ...
What If Money Markets Crashed?
Переглядів 34 тис.9 місяців тому
This is a dire warning to investors... beware of these huge risks with your cash investments before it is too late. The signs of a significant global liquidity problem are present, and action must be taken. 📈📊✅ Create Your Own Financial Plan! (One on One Sessions Available) 📈📊✅ voyant-masterclass.mykajabi.com/ 🎬 WATCH NEXT 🎬 ua-cam.com/video/kY7Wjct28jU/v-deo.html USEFUL RESOURCES: Dodd Frank A...
Vanguard Think THIS Will Happen This Year!
Переглядів 73 тис.9 місяців тому
We are close to central banks reaching Terminal Rate. What happens next is something you'll want to know! Vanguard's latest research reveals a lot about how assets perform in the aftermath, all of which is broken down in this video. ⏰ TIMESTAMPS ⏰ 0:00 Start 1:42 How are Major World Economies Positioned? 3:22 How Vanguard's Rate Prediction Differs From Market 4:23 What Will Happen When Rate Pea...
What's Your Number? (How To Calculate It)
Переглядів 15 тис.10 місяців тому
It's easier to retire when you know what number you're aiming for! In this video I explain how to calculate your retirement number with the help of Voyant, and how you can use your property to help you reach it. ⏰ TIMESTAMPS ⏰ 0:00 Start 1:00 How To Work Out Your Spending Target 1:55 How To Calculate Your Retirement Number 5:14 Why Setting a Goal is Important 6:44 How To Work Out Your House 'Do...
Don't Hold Cash! (Do This Instead)
Переглядів 23 тис.10 місяців тому
Why would you choose bonds over cash? After all, they tanked in 2022, whereas cash didn't, and now they're only paying about the same return... I answer exactly why in this video! ⏰ TIMESTAMPS ⏰ 0:00 Start 0:52 The Elephant In The Room 1:55 Bonds Explained (Why They Got Expensive) 5:04 Bond Duration Risk Explained (Why Values Crashed) 7:14 Why Bonds Beat Cash 8:51 The Main Driver of Bond Return...
This Retirement Account OBLITERATES All Others - Here's Why
Переглядів 26 тис.Рік тому
Tax on pension income in retirement is often much higher than other investment accounts, so is it better to plan your investments to pay less tax in the future? In this video I show examples of the different retirement account strategies side by side, so you can avoid the same mistake that many people make. ⏰ TIMESTAMPS ⏰ 0:00 Start 0:57 Setting a Retirement Target 2:58 Using Non Pension Invest...
Tax On 50k Slashed By 5k+ A Year... Here's How
Переглядів 42 тис.Рік тому
To slash tax in retirement you need to be aware of these little known allowances to plan your investment withdrawals in the right way. Knowing the order of taxation, and structuring your investments to utilise it correctly will save you thousands of pounds a year. ⏰ TIMESTAMPS ⏰ 0:00 Start 1:00 How The UK Tax System Fails Us 3:24 Order of Taxation Recap 4:03 Summary of Useful Tax Allowances 6:1...
How To Save Inheritance Tax With Trusts
Переглядів 29 тис.Рік тому
Here, trusts are explained in simple terms, including how you can still take income and how they can reduce inheritance tax. ⏰ TIMESTAMPS ⏰ 0:00 Start 1:06 Inheritance Tax Example 4:38 What is a Trust? 6:03 PETs and CLTs 7:55 Discretionary Gift Trust 10:19 Discounted Gift Trust 13:03 Loan Trust 📑 ABOUT IHT AND TRUSTS 📑 Inheritance Tax (IHT) is a tax paid by the beneficiaries of your estate when...
How to Create Income Using Bond ETFs
Переглядів 13 тис.Рік тому
I spoke with Vanguard's Head of Fixed Income Products to discuss how to build an effective fixed income portfolio. I break it all down in this video. ⏰ TIMESTAMPS ⏰ 0:00 Start 1:24 What Should Fixed Income Do In Your Portfolio? 2:45 The Base - Global Aggregate Bond ETF 5:47 Avoiding Risks 7:28 How to Increase Income and Returns 8:04 The UK Bond Market 9:28 Other Developed Government Bond Market...
Want Annuity Certainty with Drawdown Flexibility? Here's How
Переглядів 16 тис.Рік тому
Here I explain how to get the guaranteed income of a pension annuity without losing the flexible access and death benefits of drawdown. ⏰ TIMESTAMPS ⏰ 0:00 Start 1:26 Why Are Annuities Becoming Popular Again? 3:12 The Problem With Pension Annuities 4:10 The Benefits of Fixed Term Annuities 7:01 Fixed Term Annuity Quote Examples 🎬 WATCH NEXT 🎬 Improve income sustainability in drawdown: ua-cam.co...
Vanguard Investors... This Is What's Next
Переглядів 34 тис.Рік тому
Investors who hold bonds, such as those in Vanguard LifeStrategy 20, 40 and 60 have felt some pain this year. What's coming though will surprise you even more! ⏰ TIMESTAMPS ⏰ 0:00 Start 1:51 Budget - Short Term Impact 3:38 What's Coming Next For Bonds 5:32 What Drives Bond Fund Performance 6:25 Why You Shouldn't Change Now 📈 WANT TO CREATE YOUR OWN CASH FLOW MODEL? 📈 You can now access my cours...
99% of People Don't Know About This Strategy
Переглядів 46 тис.Рік тому
99% of People Don't Know About This Strategy
How Much Will My Pension Pay Me? (Different Fund Sizes)
Переглядів 188 тис.Рік тому
How Much Will My Pension Pay Me? (Different Fund Sizes)
3 Big Debt Mistakes People ALWAYS Make
Переглядів 11 тис.Рік тому
3 Big Debt Mistakes People ALWAYS Make
Should You Pay Off Your Mortgage Or Invest in 2023?
Переглядів 40 тис.2 роки тому
Should You Pay Off Your Mortgage Or Invest in 2023?
The Great Platform Rip Off - EXPOSED!
Переглядів 15 тис.2 роки тому
The Great Platform Rip Off - EXPOSED!
What You Need To Know To Profit From Recession
Переглядів 12 тис.2 роки тому
What You Need To Know To Profit From Recession
The Shocking Reality of Sustainable Investing
Переглядів 3,1 тис.2 роки тому
The Shocking Reality of Sustainable Investing
Avoid Inheritance Tax With This Plan
Переглядів 14 тис.2 роки тому
Avoid Inheritance Tax With This Plan
3 Tax Tricks That Will Save You THOUSANDS!
Переглядів 16 тис.2 роки тому
3 Tax Tricks That Will Save You THOUSANDS!
Make Your Kids & Grandkids Millionaires (& Save Tax!)
Переглядів 8 тис.2 роки тому
Make Your Kids & Grandkids Millionaires (& Save Tax!)
ISA vs Pension - The Winner FINALLY Revealed!
Переглядів 37 тис.2 роки тому
ISA vs Pension - The Winner FINALLY Revealed!
1 Million Retirement... 50k Income For Life
Переглядів 48 тис.2 роки тому
1 Million Retirement... 50k Income For Life
What Is Pension Drawdown And How Does It Differ To UFPLS?
Переглядів 31 тис.2 роки тому
What Is Pension Drawdown And How Does It Differ To UFPLS?
Avoid These BIG Pension Mistakes That Could Cost Thousands!
Переглядів 20 тис.2 роки тому
Avoid These BIG Pension Mistakes That Could Cost Thousands!
Very informative video, thank you. Retirement really scares me. I wonder if you could consider making a video about defined contribution work pension. I am with 'smart pension' and I want to call them and ask questions e.g. about fees. What questions should be asked? My colleagues contribute little and have no interest. I seem to be the only person interested in pensions and therefore weird...
Is it a good option to draw down the whole pension pot and invest it or is it better to keep a monthly pension. Also is there any way to avoid paying the tax if you take the full amount in a draw down. I may need financial advice
Just in sharing my new experience of uSMART Hong Kong stocks, I actually won a blind box lottery opportunity, 100% win, uSMART you are too good to play, I simply love this platform!
I have two questions: If I retire early and decide to take 12,570 annually out my personal pension pot, will I avoid tax even after the first 25% of pot is gone? 2. Are you better to use up your personal pot before your state pension begins so your income is lower? Therefore less tax?
Would you be able to give advice for smaller estates, for example just under 1 million. Or would inheritance tax not be a problem at that level
My daughter has a nest pension and I often put money into it .
I'm 60, and need to know where I can get some decent advice for my private pension planning
I have few questions Do they take percentage from your money in exchange for this service? There is tax amount on it is that tax or their fees? Can you withdraw your savings anytime you want or it’s locked? ??
You showed in the last section how the tax free lump sum may be more than 25% of the total withdrawal in a year. Is it possible for the lump sum to be less than 25% of the withdrawal?
What a lot of shit, just let me have my money you traitorous Bastards
You invest part of Income over a long working life and the return you get for your investment is called ‘charity’ Benefit.How kind and convenient. Investments and Returns comes to mind.
The new Labour government are going to make sure the middle classes avoid IHT with a cunning plan. Make them so poor they won't have anything for their family to inherit.
Hiya Chris, great video, very informative, i had a retirement pack from my DB pension last year at age 59 and was offered £17500 per year for life, I’ve just received another one now that I’m 60 and the offer has dropped to £15500, is this normal as at a minimum it should have grown by 4% as I was taking it a year later and the early retirement factor is 4% each year.
@@karlgriffiths4380 It’s not common for the income under a DB arrangement to drop. I would contact the scheme for an explanation.
@@chrisbourne-retirementplanner Thank you
The only 100% safe investment in the UK, is the UK govt and BoE backed BTL ponzi scheme.
Can i just take it all out , and put it in my own savings account which is earning me (not them ) good interest ,
Sadly it's almost certain that the state pension in the future will only be paid on a means tested basis, the government will cry it's not fair that "wealthy" people who scrimped and saved their own pension receive state money in addition.
Buy gold and tell no one about it, pass it on to your people as you see fit. Out of the system is where you need to be.
Will any of this survive this money grabbing new Labour government?
Well over 12 months ago , I sold my property and bought a house in town. I decided to invest with a broker and thought I go to centlink and what a very big mistake. The next thing I was go to loss $12,285.00 from my pension of $29,023.80 leaving me with only with $16,738.00 . So is quite common for the government to take money if directly invest. This also a reduction in my fortnightly payments of $472.50 from my pension of $1,116.50 leaving me with ownly with the amount of $643.80 . I wish I had a family then I could given the money which I invested, then it would become a FAMILY TRUST FUND that way I would have been able to keep my full pension. Can you see how the Australian government treats pensioners in a manner of Discrimination and Victimisation. Yet the government give millions of dollars to aborigines from our TAXES without questioning what happens to the money.
He says at 7:30 if you have 30k, you can claim 7.5k (25%) as a basic tax payer then an additional 7.5 (25%) as a higher rate tax payer. You don’t get 50% back as a higher rate tax payer do you? And as as additional rate tax payer do you get 7.5+9.375 (56%) back?
What a weird looking bloke.
I'm 60 and expect to work to 67. When I was 55 I took the tax free 25% of my sole private pension assuming that was it. Subsequently I have been in an employer DC scheme which has grown due to salary sacrifice to mitigate being a higher rate earner. I transferred most of this to a SIPP, now I am informed that I can draw 25% from that fund. Does that mean I can repeat this until I hit the £268k tax free limit? I don't want to endanger my salary sacrifice limit until retirement. Thankd
As long as you ONLY take tax free lump sum and NO taxable income from a flexible withdrawal arrangement, you can continue to contribute to the fullest extent that your earnings, or the Annual Allowance allows.
Best explanation of pensions and tax efficiency that I have ever seen on UA-cam, well done and thanks!!
good video, Ifelt NEST kept thier contribution charges quiet .Bastardos !
good video, I feel NEST kept quiet about thier contibution charges, bastardos
just seen this now and your rates from 2022 are nothing compared to now which is bizarre bearing in mind interest rates have increased so significantly. Now for a 10 year fixed annuity with the lump sum returning I get a 1% return per year on 600,000. So this fixed term annuity is an absolute joke. 1% return? with no inflation protection on the lump sum - come on, pull the other one
What a mess this is, from a policy point of view.
They are Rubbish ive tried for last 4 months to get my money they keep fobbing me off with different detail issues DONT USE NEST worse Pension provider in UK
When you consider that you'd hopefully have a paid off home by retirement the withdraw rates are actually quite viable
Helpful video ✅
One thing that I can't find an answer for is what happens if you crystallise money into your drawdown pot and it then grows later. Is that growth completely taxable or is it possible to take 25% of the growth tax free?
Money in the drawdown pot is all subject to tax when withdrawn.
I'm only 43 so nowhere near retirement yet although hoping that 55 could be the magic number. I've been researching a lot about my pension recently but didn't know this crucial information about how the 25% draw down works. I'm very grateful to you for providing it and in such a clear to understand manner. Thank you
Where did the 5% withdrawal come from Chris. 4% rule / dynamic withdrawal rate ????
I have a DB pension which had a transfer value of £146k when I received a written quote from the administrator 4 years ago, today the latest quote is £112k and the annual pension £1500. I'm going to see a financial advisor and have something signed before I can transfer it over to a SIPP and or buy an annuity which would give £4500 annually ( not inflation proof, of course).
I do have a NEST pension but its only got around £4000 in it because I wasn't at that company for long.
Why not take out £20k from pension tax relief lump sum up to 25% amount when you have finished contributing?
its easy to pay money in but they put up a fight when you want to take your money out ,they lie .I have been trying to take my money out for 2 months ,I spoke to someone from the support and told them i couldn't sign into my account they told me they would email a link (lies )they did not send it asked again they said they sent it (lies ) they didnt filled out a paper form they sent me double checked eveyrthing sent it recorded delivery .after a week they sent a text (not an email ) to say a page was missing luckily i had a spare form so i filled it out scanned it and emailed it to support.5 days later i checked to see if it arrived spoke to a lady who said good afternoon (must have different time zones in england where i was it was 10 oclock in the morning .so on hold for 5 minutes so she can ask if its there returns to say yes it will be put into pile to be paid 25/06/24 .we will see what happens now.
Hi Chris - thanks for the video. What is not clear to me is if I can “transfer” tax free allowance between pensions. For example, if I have two pensions a) SIPP and b) final salary scheme. For simplicity let’s assume that that they are £100k each (£200k total) at the time when I am 57 and reach my minimum pension age. Can I at this point use my 25% tax free allowance i.e. £50k but take it all out of the SIPP leaving the final salary untouched and just start to take normal income from the final salary scheme at the age 65?
@@tomsul yes your benefits can be taken independently of each other.
Subscribed 😊
All very good, but the odds of tax free anything existing after Labour take over is almost zero.
Nest is awful still waiting for pay out a year after the fact. No clarity about Nest investments to me. THis should be looked into I feel Nest is a scam
The governments purposely don’t teach all these basics in order to tax us to death ☠️ totally unacceptable!!!
If contributions to ISA's were tax deductable it would be a no brainer.
Brilliant explanations of stuff I was struggling to get my head round
I’m 43 I’ve just started my isa saving journey I’m aiming to hit between £100,000 - £120,000 before retirement then when I get my retirement lumpsome possible be between £100,000/£120,000 that cash will be put high saving account then every year I will switch £20000 over to my isa or start building up wife’s isa eventually I could have between £200,000/£240,000 given me yearly tax free interest as income. I’ve just read that I can pass these isas down to kids if me and wife pass away so they don’t have to endure the hassle of going through sacrifices I’ve done and can enjoy life without worry about savings or what not and if they don’t blow isa and get extra interest cash every year they can pass these isas down to there kids or build bigger pot for them
Could the home bias be a passive approach? The UK market, i.e. the average UK investor, has a home bias of around 25%. Passive investing means tracking the market. If the market dictates a 25% home bias for UK investors, who are we to disagree? (What does the UK market know that the overseas market does not? That there are ways in which the risks and returns of UK equity are different for UK investors than overseas)
Thank you. I found this video so helpful 😊👌👌