Nice to see you back Chris. Im still using the Voyant software that you gave me access to . Im 61 next year and now have the confidence to look at retiring very soon.
I hit my retirement fund objectives in my late 40s, my goal was to retire as early as possible. I saved as much as I could into my ISA alongside my workplace pension contributions. I encourage the younger members in my family and extended family to take their retirement planning seriously by using my own portfolio to prove to them it is possible to retire by 50.
Tip: Some thing you might be paying annually to benefit from lower premiums. So, in your monthly budgeting don't forget to include the annual items (MOT, car tax, car insurance, home insurance, etc). Just take the annual cost and divide by 12, each month you can put that money aside as an outgoing expense (I recommend setting up a completely separate account to move the money into, preferably a high interest one). Out of sight out of mind, until the annual bill comes around.
Great to see you back Chris & big congrats on the little one - fire up the JSIPP! 💸 I'd be very interested to hear how you are setting things up for the new addition!
There is talk that the NI saving with salary sacrifice might be axed in the upcoming budget. They will say its leveling the playing field for everybody. But it will be billions in revenue for the government. I guess we will know in four weeks time.
I saw that in the news the other day as well. Lots of changes potentially afoot, but of everything that’s been mooted probably 10-20% of it will come to pass. I don’t think there’ll be much to celebrate though!
Ive only just found your videos. I dont have a private pension and dont know who to use or even where to start. Any advise extremely welcome. Thank you.
Hi there. I have noted some popular providers in the description of this video. They’re popular due to their low charges and wide investment choice. You would need to choose an investment fund to hold in the pension (like an index fund or an ETF), and there are numerous videos on UA-cam that provide help with choosing one of these. If you feel like professional assistance may be needed, you can always visit unbiased.co.uk. Feel free to contact us by email and we can always guide you in the right direction. I hope that helps.
Chris great you’re back I have a defined pension with 24.6 years in I stopped contributing in 2007 but it has continued by company to put in I am 59 and have requested paperwork to retire. It has come back but if I take retirement earlier than 65 years old I have to replay 26%.!!! Do I have any options?
Hi Bob. That’s a heavy reduction factor applied, but I’m not sure there is much of an alternative here if you want to take the benefits early. It’s a trade off between waiting 6 years to get the full benefit and a higher income, or getting a lower income (and lump sum) but having it for 6 years longer. You can only weigh this up against your needs and circumstances.
Salary sacrifice reduces salary hence ability to borrow. Having said that salary sacrifice can be reversed easily and you can produce payslips with full salary (get loan approved) and then continue salary sacrifice. There are ways around it
@@chrisbourne-retirementplanner exactly that’s where I picked it up. But elaborated that it is normally easily adjustable from one month to another when you need payslips for additional borrowing
Good to see you back Chris. I will take a look at Honestmaths to see what it’s like, even though I now have access to Voyant through your course (thank you!). Looking forward to more new vids but for now just make sure you get some sleep…I feel your pain of having a new baby girl.
Haha she’s been golden tbf… Hardly any sleepless nights, but maybe that will all change 😆 Do have a look, you’ll notice the difference with what you get through Voyant, but HM is a good free starting point 👍🏼
All finance pros on UA-camrs will be clearing the decks for the taxation asteroid that’s incoming. Might not be seeing much of Chris in coming weeks but hopefully gives us loads of case study videos later.
Nice to see you back Chris. Im still using the Voyant software that you gave me access to . Im 61 next year and now have the confidence to look at retiring very soon.
Brilliant! I love hearing that it’s been helpful. Keep me updated on how you’re getting on.
Chris, great to see you back - you have been sorely missed - big Congrats
Thank you so much. It’s good to be back!
Yass! Another Chris Bourne video!
Thanks for watching it feels good to be back!
Welcome back Chris you've been missed
Thank you. Always nice to hear 😊
I hit my retirement fund objectives in my late 40s, my goal was to retire as early as possible. I saved as much as I could into my ISA alongside my workplace pension contributions. I encourage the younger members in my family and extended family to take their retirement planning seriously by using my own portfolio to prove to them it is possible to retire by 50.
Good to see you back, Chris.I have missed you videos
Thanks it’s good to be back!
welcome back dude, we missed you.
Thank you that’s always nice to hear!
Great to see you back buddy. Great advice 🇮🇪👍
Thank you mate glad you liked it!
Tip: Some thing you might be paying annually to benefit from lower premiums. So, in your monthly budgeting don't forget to include the annual items (MOT, car tax, car insurance, home insurance, etc). Just take the annual cost and divide by 12, each month you can put that money aside as an outgoing expense (I recommend setting up a completely separate account to move the money into, preferably a high interest one). Out of sight out of mind, until the annual bill comes around.
Good tip 👍🏼
Great to see you back Chris, great advice as always 👍
Thanks Kevin! I’m enjoying getting back into the groove.
Brilliant video, could not be easier to understand and creates a compelling case to get started. Ive shared with my brother
That’s great to hear Trevor, thanks for sharing it.
Welcome back and great motivational video
Thanks Jonathan I appreciate that!
Great to see you back Chris & big congrats on the little one - fire up the JSIPP! 💸 I'd be very interested to hear how you are setting things up for the new addition!
Haha yes she’s got a SIPP and JISA already under way so she’ll end up richer than me no doubt 😆
Great content, hope you're well sir!
Glad you enjoyed it and yes I’m very well thank you 😊
Great video
Thank you 🙏
Welcome back!
Thank you! Good to be back at it.
Don't know where you've been, maybe making a new Bourne film?
Anyway good to see you see you back.
Yeah, the Bourne Resurrection, hitting theatres soon 😄
There is talk that the NI saving with salary sacrifice might be axed in the upcoming budget.
They will say its leveling the playing field for everybody. But it will be billions in revenue for the government.
I guess we will know in four weeks time.
I saw that in the news the other day as well. Lots of changes potentially afoot, but of everything that’s been mooted probably 10-20% of it will come to pass. I don’t think there’ll be much to celebrate though!
Great to see you back Chris. I see you have a penchant for megalomaniacal autobiographies.
@@JohninRosc Thank you. Haha now that you mention it they’re definitely my thing!
Ive only just found your videos. I dont have a private pension and dont know who to use or even where to start. Any advise extremely welcome. Thank you.
Hi there. I have noted some popular providers in the description of this video. They’re popular due to their low charges and wide investment choice. You would need to choose an investment fund to hold in the pension (like an index fund or an ETF), and there are numerous videos on UA-cam that provide help with choosing one of these. If you feel like professional assistance may be needed, you can always visit unbiased.co.uk. Feel free to contact us by email and we can always guide you in the right direction. I hope that helps.
Yes his back 👍
It’s good to be back!
Investing is a necessity and not a luxury.
I agree.
Tip - switch off the lights behind you - think of the savings 🙂 - no seriously thanks for the content
Haha good job energy prices have gone down a bit. Thanks for watching 😊
Looks like you’ve spent the time in between videos lifting some big weights Chris 🤣
Haha! I’m trying to get on Gladiators 😆💪🏼
ha. I was on Gladiators. YT "Gordon James Gladiators"
just down the road from you in Birmingham.
Interesting video 👏👏 like your editing as well, what program do you use to edit your videos ?
It’s edited on Premiere Pro. I have outsourced the editing to experts now though, which is why you’ve probably noticed an upgrade 😊
@@chrisbourne-retirementplanner - thanks looks very professional 👏👏
Chris great you’re back
I have a defined pension with 24.6 years in I stopped contributing in 2007 but it has continued by company to put in
I am 59 and have requested paperwork to retire. It has come back but if I take retirement earlier than 65 years old I have to replay 26%.!!!
Do I have any options?
Hi Bob. That’s a heavy reduction factor applied, but I’m not sure there is much of an alternative here if you want to take the benefits early. It’s a trade off between waiting 6 years to get the full benefit and a higher income, or getting a lower income (and lump sum) but having it for 6 years longer. You can only weigh this up against your needs and circumstances.
Salary sacrifice reduces salary hence ability to borrow. Having said that salary sacrifice can be reversed easily and you can produce payslips with full salary (get loan approved) and then continue salary sacrifice. There are ways around it
Yes, that’s true. I noted that on the example.
@@chrisbourne-retirementplanner exactly that’s where I picked it up. But elaborated that it is normally easily adjustable from one month to another when you need payslips for additional borrowing
@@porschecarreras992cabriole8 Good point.
Good to see you back Chris. I will take a look at Honestmaths to see what it’s like, even though I now have access to Voyant through your course (thank you!).
Looking forward to more new vids but for now just make sure you get some sleep…I feel your pain of having a new baby girl.
Haha she’s been golden tbf… Hardly any sleepless nights, but maybe that will all change 😆 Do have a look, you’ll notice the difference with what you get through Voyant, but HM is a good free starting point 👍🏼
@@chrisbourne-retirementplanner pleased to hear she’s a good sleeper. Daughter’s are a blessing, and a box full of worry, all wrapped up in one.
All finance pros on UA-camrs will be clearing the decks for the taxation asteroid that’s incoming. Might not be seeing much of Chris in coming weeks but hopefully gives us loads of case study videos later.
I’m sure there’ll be a few to share!